NBC Auto Callable Note Securities linked to Canadian gold mining companies, due on October 7, 2019

Current price: $136.00
As of 07-Oct-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC3273
ISM Code:
V79732
Ticker Symbol:
ABX CT Equity, AEM CT Equity, FNV CT Equity, G CT Equity, K CT Equity, YRI CT Equity
Educational Summary:
Link

Highlights

  • 3-year term.
  • Linked to a portfolio of Canadian gold mining companies.
  • Potential fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: 6M: 6.00%, 12M: 12.00%, 18M: 18.00%, 24M: 24.00%, 30M: 30.00%, 36M: 36.00%
  • 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.
  • Call Threshold: 0.00%.
  • Participation factor: 5.00%.
  • Maturity 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 + 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 equal to or 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.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
07-Oct-2016
Maturity date:
07-Oct-2019
Note term:
3.0 years
Call Val. Date 1:
31-Mar-2017
Call Val. Date 2:
02-Oct-2017
Call Val. Date 3:
02-Apr-2018
Call Val. Date 4:
01-Oct-2018
Call Val. Date 5:
01-Apr-2019
Final Valuation Date:
30-Sep-2019

Price and Historical Values

Last Updated Date:
07-Oct-2019
Current Price:
$136.00
Current ETC:
$0.00
Price Net of ETC:
$136.00
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.

Note

On April 18, 2019, Goldcorp Inc. (TSX: G) (“Goldcorp”) and Newmont Goldcorp Corporation (formerly known as Newmont Mining Corporation) (NYSE: NEM) (“Newmont Goldcorp”) announced the closing of a transaction which combined Newmont Mining Corporation and Goldcorp. This event triggered a Substitution Event in connection with the Reference Portfolio of the Note Securities as per the terms of the Prospectus relating to the Note Securities. As such, we hereby advise the Holders of the Note Securities that, as of the opening of the markets on April 23, 2019, the common shares of Goldcorp have been replaced by the common shares of Newmont Goldcorp, as a Reference Asset in the Reference Portfolio of the Note Securities in accordance with the terms and conditions the Prospectus. As a result, all calculations in respect of the Reference Portfolio Return that were based on the prices of the common shares of Goldcorp are, from April 23, 2019, until maturity, based on the prices of the common shares of Newmont Goldcorp.

Legal Notice

Portfolio

CompanyInitial Price
Barrick Gold Corporation20.91
Agnico Eagle Mines Ltd59.67
Franco-Nevada Corporation84.30
Kinross Gold Corporation4.68
Newmont Mining Corp33.97
Yamana Gold Inc4.85
Called on Octobrer 7, 2019