NBC Variable ROC Auto Callable Note Securities (Maturity-
Monitored Barrier) linked to the Canadian market, Class F,
due on May 20, 2022
2156
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC1924
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ISM Code:
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V73900
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Ticker Symbol:
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XIU
Highlights
- 6-year term.
- Linked to the units of the iShares® S&P/TSX 60 Index ETF.
- Potential ROC Payments: Provided that the Reference Asset Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment on the applicable ROC Payment Date.
- ROC Payment Threshold: -30.00%
- Call Threshold: 10.00%.
- Potential ROC Payments : $3.75 semi-annually.
- Participation Factor of 5%.
- Maturity-Monitored Barrier: -30.00%.
- 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 + Variable Return]; or
- If the Note Securities are not automatically called and the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return].
- If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative 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 negative and 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
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Issue Date:
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20-May-2016
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Maturity date:
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20-May-2022
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Note term:
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6.0 years
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Call Val. Date 1:
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14-Nov-2016
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Call Val. Date 2:
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15-May-2017
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Call Val. Date 3:
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10-Nov-2017
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Call Val. Date 4:
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14-May-2018
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Call Val. Date 5:
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13-Nov-2018
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Call Val. Date 6:
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13-May-2019
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Call Val. Date 7:
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13-Nov-2019
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Call Val. Date 8:
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12-May-2020
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Call Val. Date 9:
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13-Nov-2020
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Call Val. Date 10:
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13-May-2021
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Call Val. Date 11:
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15-Nov-2021
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Final Valuation Date:
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13-May-2022
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Final Valuation Date:
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13-May-2022
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Price and Historical Values
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Last Updated Date:
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23-May-2017
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Current Price:
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$104.42
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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 | Weighting |
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| iShares S&P/TSX 60 Index ETF | 20.52 | 23.26 | 13.35% | 100% |
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| | Reference Portfolio Return | 13.35% | |
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| | Indicative Variable Interest | 0.67% | |
| | Barrier | 14.364 | |
| | Call Threshold | 10.00% | |
| Called on May 23, 2017 | | Call Threshold Value | 22.572 | |
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