NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of American companies, due on September 18, 2020

Current price: $109.24
As of 19-Sep-2016

General Information

Issuer:
NBC
FundSERV Code:
NBC2488
ISM Code:
V79234
Ticker Symbol:
BA, CAT, F, GE, GM, HPQ, MSFT, PFE, T, VZ
Educational Summary:
Link

Highlights

  • 5 year term.
  • Linked to common shares of American companies.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 9.00% ; Year 2: 15.00% ; Year 3: 20.00% ; Year 4: 25.00% ; Year 5: 30.00%.
  • Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date, and the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds such Fixed Return.
  • Participation Factor: 5%.
  • Maturity-Monitored Barrier: -20%.
  • If the Reference Portfolio Return is positive 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 + the Fixed Return applicable to the given Call Valuation Date + the Variable Return].
  • 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];
  • 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;
  • 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 on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Reference Portfolio Return].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • A daily secondary market is subject to availability and to early trading charges.

Dates

Issue Date:
18-Sep-2015
Maturity date:
18-Sep-2020
Note term:
5.0 years
Call Val. Date 1:
12-Sep-2016
Call Val. Date 2:
11-Sep-2017
Call Val. Date 3:
11-Sep-2018
Call Val. Date 4:
11-Sep-2019
Final Valuation Date:
11-Sep-2020

Price and Historical Values

Last Updated Date:
19-Sep-2016
Current Price:
$109.24
Current ETC:
$0.00
Price Net of ETC:
$109.24
Currency:
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.

Note

As of November 2, 2015, following the completion of the separation of Hewlett-Packard Company into two companies – Hewlett Packard Enterprise Company trading under ticker “HPE”, and HP Inc. trading under ticker “HPQ” – the Reference Portfolio was modified to include common shares of both HPQ and HPE. On November 2, 2015, the Reference Asset Weight of the common shares of Hewlett-Packard Company was split, with 45.4% of the original weight attributed to HPQ, and 54.6% of the original weight attributed to HPE. Considering the return of the initial Reference Asset, the Initial Level of the common shares HPE and the Initial Level of the common shares HPQ were adjusted on November 2, 2015.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturn
Microsoft Corp43.4857.0531.21%
Boeing Co/The136.09130.12-4.39%
Caterpillar Inc71.8681.9214.00%
Ford Motor Co14.2812.70-11.06%
General Electric Co24.8030.4922.94%
General Motors Co30.5131.182.20%
Pfizer Inc32.8534.655.48%
AT&T Inc32.5540.7125.07%
Verizon Communications Inc44.5752.5717.95%
Hewlett-Packard Basket34.82%
Reference Portfolio Return13.82%
Indicative Variable Interest9.24%
Called on September 19, 2016
Hewlett Packard Enterprise Co14.4921.2946.93%
HP Inc12.0514.4920.26%