NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian REITs, Class F, due on February 2, 2021
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General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC3522
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ISM Code:
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V74835
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Educational Summary:
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Link
Highlights
- 4-year term.
- Linked to units of the units of of Canadian REITs.
- Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 17.00% ; Year 2: 27.00% ; Year 3: 37.00% ; Year 4: 47.00%.
- 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: 5.00%
- 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 positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + the Fixed Return applicable to the Final Valuation Date + the 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.
- Daily secondary market available under normal
market conditions.
Dates
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Issue Date:
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02-Feb-2017
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Maturity date:
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02-Feb-2021
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Note term:
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4.0 years
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Call Val. Date 1:
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26-Jan-2018
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Call Val. Date 2:
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28-Jan-2019
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Call Val. Date 3:
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27-Jan-2020
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Final Valuation Date:
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26-Jan-2021
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Price and Historical Values
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Last Updated Date:
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02-Feb-2018
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Current Price:
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$117.00
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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 |
Pure Industrial Real Estate Trust | 5.73 | 8.10 | 41.36% | 7% |
Allied Properties Real Estate Investment Trust | 34.62 | 41.75 | 20.60% | 7% |
Artis Real Estate Investment Trust | 12.31 | 14.21 | 15.43% | 7% |
Boardwalk Real Estate Investment Trust | 47.20 | 44.82 | -5.04% | 7% |
Canadian Apartment Properties REIT | 31.73 | 36.71 | 15.69% | 7% |
Crombie Real Estate Investment Trust | 13.47 | 13.58 | 0.82% | 7% |
Chartwell Retirement Residences | 15.48 | 15.97 | 3.17% | 7% |
Cominar Real Estate Investment Trust | 14.47 | 14.90 | 2.97% | 7% |
Dream Global Real Estate Investment Trust | 9.61 | 12.30 | 27.99% | 7% |
Dream Office Real Estate Investment Trust | 19.69 | 22.75 | 15.54% | 7% |
Granite Real Estate Investment Trust | 44.18 | 51.65 | 16.91% | 7% |
H&R Real Estate Investment Trust | 22.79 | 21.18 | -7.06% | 7% |
Canadian Real Estate Investment Trust | 46.70 | 45.20 | -3.21% | 7% |
RioCan Real Estate Investment Trust | 26.01 | 24.64 | -5.27% | 7% |
SmartCentres Real Estate Investment Trust | 32.15 | 31.17 | -3.05% | 7% |
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| | Reference Portfolio Return | 9.13% | |
| | Indicative Variable Interest | 17.00% | |
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| | Call Threshold | 0.00% | |
Called on February 02, 2018 | | | | |
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