NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to the American market, due on October 28, 2020

Current price: $107.00
As of 28-Oct-2016

General Information

Issuer:
NBC
FundSERV Code:
NBC3503
ISM Code:
V80699
Ticker Symbol:
XSP
Educational Summary:
Link

Highlights

  • 5 year term.
  • Linked to units of the iShares® Core S&P 500 Index ETF (CAD-Hedged).
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 7.00% ; Year 2: 14.00% ; 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 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 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:
28-Oct-2015
Maturity date:
28-Oct-2020
Note term:
5.0 years
Call Val. Date 1:
21-Oct-2016
Call Val. Date 2:
23-Oct-2017
Call Val. Date 3:
22-Oct-2018
Call Val. Date 4:
21-Oct-2019
Final Valuation Date:
21-Oct-2020

Price and Historical Values

Last Updated Date:
28-Oct-2016
Current Price:
$107.00
Current ETC:
$0.00
Price Net of ETC:
$107.00
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.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
iShares Core S&P 500 Index ETF (CAD- Hedged)24.1724.591.74%100%
Reference Portfolio Return1.74%
Indicative Variable Interest7.00%
Barrier19.336
Called on October 28, 2016