Maximizer Deposit Notes S36

Current price: $100.00
As of 30-Oct-2018

General Information

Issuer:
NBC
FundSERV Code:
NBC1328
ISM Code:
V75428

Product Description

The Deposit Notes are principal-protected deposit notes which aim to provide Holders with a Variable Return payable at maturity which is based on the appreciation, if any, from the Issuance Date of the Deposit Notes, of the price performance of 12 Reference Assets (except for the iShares® DEX Universe Bond Index Fund). The Deposit Notes will lock in every 6 months the highest Reference Share Return of the remaining eligible Reference Assets, subject to a maximum of 4.40%. Once the Reference Asset Return of a Reference Asset has been locked-in, this Reference Asset will be discarded for the purposes of computing future Locked-In Performances, such that by process of elimination, each Reference Asset will be selected only once. At maturity, the Variable Return is equal to the greater of (i) zero and (ii) the product of $100 and the Total Locked-in Performance, subject to a maximum of $67.65 per Deposit Note. There is no limit or floor to the extent to which the Locked-In Performance may be negative as there is a limit of 4.40% of the positive performance.

Highlights

  • Principal fully protected at maturity by National Bank of Canada.
  • The return at maturity, if any, is linked to the performance of twelve Reference Assets.
  • Every 6 months following the Issuance Date, the performance of the best performing Reference Asset since the Issuance Date is locked-in, subject to a maximum of 4.40%. When the performance of a Reference Asset is “locked-in”, that Reference Asset will be discarded for the purposes of computing future Locked-In Performances, such that by process of elimination each Reference Asset will be selected only once.
  • The Variable Return is the greater of (i) $0 and (ii) the product of a) $100 and b) the Total Locked-In Performance, subject to a maximum of $67.65,representing a maximum annual compound rate of return of approximately 8.99% per annum over 6 years.
  • Geographical and asset class diversification.
  • Except for the iShares® DEX Universe Bond Index Fund, the Reference Asset Return of the Reference Assets will be a price return and will not include any distributions paid by any Reference Fund on account of the Reference Units.The indicative rate of distributions from the Reference Assets (excluding the iShares® DEX Universe Bond Index Fund) was 1.10% per annum on May 14,2012.
  • Low $1,000 minimum subscription (10 Deposit Notes).
  • 6-year term.
  • A daily secondary market subject to availability and to early trading charges within the first 600 days following and including the Issuance Date, up to an amount of $4.80 per Deposit Note. A Holder who sells Deposit Notes prior to maturity may receive less than the Initial Deposit Amount per Deposit Note.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA).

Dates

Issue Date:
30-Oct-2012
Maturity date:
30-Oct-2018
Note term:
6.0 years
Valuation Date:
25-Oct-2018

Price and Historical Values

Last Updated Date:
30-Oct-2018
Current Price:
$100.00
Current ETC:
$0.00
Price Net of ETC:
$100.00
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

The Intrinsic value is the calculation of the payment at maturity using the Index Levels as of the last update. The Intrinsic value is different from the Price. Index Levels that have not been locked in yet may still decrease below their inception levels before maturity, which would reduce the payment that will be calculated at maturity. Please note that because the US Markets were closed on Issuance Date (due to the hurricane) the Price Source (NYSE Arca) did not report any Closing Level and consequently, the Closing Level on the immediately following day on which closing price is reported will be used.

Legal Notice

Portfolio

IndexInitial PriceCurrent PriceReturnCapped Return
S&P GSCI Crude Oil Excess Return Index455.11212.95-53.21%-53.21%
Lock-In DateIndexReturnLocked at
30-Apr-13Nikkei 22557.89%4.40%
30-Oct-13PowerShares QQQ Trust Series 127.76%4.40%
30-Apr-14SPDR S&P 50033.22%4.40%
30-Oct-14iShares® S&P/TSX 6018.60%4.40%
30-Apr-15iShares MSCI Hong Kong ETF28.59%4.40%
30-Oct-15USD/CAD30.91%4.40%
02-May-16iShares Core CanadianUniverse Bond Index ETF*11.83%4.40%
31-Oct-16S&P GSCI Gold Excess Return Index-27.41%-27.41%
01-May-17S&P GSCI Copper Excess Return Index-25.52%-25.52%
30-Oct-17S&P GSCI Silver Excess Return Index-51.00%-51.00%
30-Apr-18S&P GSCI Agriculture Excess Return Index-50.20%-50.20%
25-Oct-18
Intrinsic Value*100.00
*The return for this Reference Asset includes distributions paid