NBC Auto Callable Note Securities (Maturity-Monitored Barrier)
linked to the EURO STOXX 50® Index, due on August 25, 2020
1814
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC2484
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ISM Code:
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V74781
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Ticker Symbol:
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SX5E
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Educational Summary:
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Link
Highlights
- 5 year term.
- Linked to the units of the iEURO STOXX 50® Index.
- Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 9.00% ; Year 2: 15% ; Year 3: 20% ; Year 4: 25% ; Year 5: 30%.
- Variable Return is applicable where the Reference Portfolio is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date and is equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio exceeds the Fixed Return.
- Participation Factor: 5%.
- Maturity-Monitored Barrier: -20%.
- If the Reference Portfolio Return is higher than the Call Threshold on a Call Valuation Date, the Note Securities will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to $100 x [1 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
- If the Note Securities are not automatically called and the Reference Portfolio Return is higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
- If the Note Securities are not automatically called and the Reference Portfolio Return is equal to or lower than the Call Threshold but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100; or
- If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold and is equal to or lower than the Barrier
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- A daily secondary market is subject to availability and to early trading charges.
Dates
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Issue Date:
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25-Aug-2015
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Maturity date:
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25-Aug-2020
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Note term:
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5.0 years
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Call Val. Date 1:
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18-Aug-2016
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Call Val. Date 2:
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18-Aug-2017
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Call Val. Date 3:
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20-Aug-2018
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Call Val. Date 4:
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19-Aug-2019
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Final Valuation Date:
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18-Aug-2020
Price and Historical Values
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Last Updated Date:
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25-Aug-2017
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Current Price:
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$115.00
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Current ETC:
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$0.00
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Price Net of ETC:
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$115.00
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Currency:
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CAN
The bid price and any related information on the date of sale may differ from the current price and information posted above. Please refer to the offering document or your investment advisor.
Legal Notice
Portfolio
Company | Initial Price | Final Price | Return |
EURO STOXX 50 Price EUR | 3218.01 | 3446.03 | 7.09% |
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| | Reference Portfolio Return | 7.09% |
| | Indicative Variable Interest | 15.00% |
| | Barrier | 2413.5075 |
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Called on August 25, 2017 | | | |
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