NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to the American mining sector, due on December 23, 2019

Current price: $107.59
As of 23-Jun-2017

General Information

Issuer:
NBC
FundSERV Code:
NBC3306
ISM Code:
V74830
Ticker Symbol:
GDX
Educational Summary:
Link

Highlights

  • 3 year term.
  • Linked to the Shares of the VanEck Vectors Gold Miners ETF.
  • Fixed returns: Date 1: 7.25%; Date 2: 14.50%; Date 3: 21.75%; Date 4: 29.00%; Date 5: 36.25%; Date 6: 43.50%.
  • 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, 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: -30%.
  • 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 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:
23-Dec-2016
Maturity date:
23-Dec-2019
Note term:
3.0 years
Call Val. Date 1:
16-Jun-2017
Call Val. Date 2:
18-Dec-2017
Call Val. Date 3:
18-Jun-2018
Call Val. Date 4:
17-Dec-2018
Call Val. Date 5:
17-Jun-2019
Final Valuation Date:
16-Dec-2019

Price and Historical Values

Last Updated Date:
23-Jun-2017
Current Price:
$107.59
Current ETC:
$0.00
Price Net of ETC:
$107.59
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
VanEck Vectors Gold Miners ETF19.3422.0614.06%100%
Reference Portfolio Return14.06%
Indicative Variable Interest7.59%
Barrier13.538
Call Threshold0.00%
Called on June 23, 2017