NBC Auto Callable Contingent ROC Note Securities (Maturity-Monitored Barrier) linked to Canadian Energy Companies, Class F, due on January 10, 2024

Current price: $104.83
As of 11-Jul-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC1491
ISM Code:
V84505
Ticker Symbol:
EMA, ENB, FTS, IPL, PPL, TRP

Highlights

  • 6.5-year term.
  • Linked to Canadian energy companies.
  • Potential ROC Payments: provided that the Reference Portfolio Return is equal to or higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment on each ROC Payment date.
  • ROC Payment Threshold: -20%
  • Call Threshold: 10%.
  • Potential ROC Payment: $8.60 p.a. paid semi-annually.
  • Participation Factor: 5%
  • Maturity Barrier: -20%.
  • 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 higher than the Call Threshold on the Final Valuation Date, 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 equal to or lower than the Call Threshold but 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:
04-Jul-2017
Maturity date:
10-Jan-2024
Note term:
6.5 years
Call Val. Date 1:
03-Jan-2018
Call Val. Date 2:
03-Jul-2018
Call Val. Date 3:
03-Jan-2019
Call Val. Date 4:
03-Jul-2019
Call Val. Date 5:
03-Jan-2020
Call Val. Date 6:
03-Jul-2020
Call Val. Date 7:
05-Jan-2021
Call Val. Date 8:
05-Jul-2021
Call Val. Date 9:
05-Jan-2022
Call Val. Date 10:
04-Jul-2022
Call Val. Date 11:
04-Jan-2023
Call Val. Date 12:
30-Jun-2023
Final Valuation Date:
03-Jan-2024

Price and Historical Values

Last Updated Date:
11-Jul-2022
Current Price:
$104.83
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 October 28, 2021, Brookfield Infrastructure Partners L.P. announced the completion of its acquisition of Inter Pipeline Ltd. (TSX: IPL) (“Inter Pipeline”). It is anticipated that the Inter Pipeline shares will be delisted from the Toronto Stock Exchange. This event triggered an Extraordinary Non Replacement Event in connection with the Reference Portfolio of the Note Securities as per the terms and conditions of the Prospectus. As such, we hereby advise the Holders of the Note Securities that the common shares of Inter Pipeline have been deleted from the Reference Portfolio such that, from the closing of the markets on October 28, 2021, the Reference Portfolio Return will be calculated on the basis of the remaining Reference Shares, where the weighting of Inter Pipeline’s common shares will be reallocated proportionally to the common shares of Emera Incorporated (TSX: EMA), Enbridge Inc. (TSX: ENB), Fortis Inc. (TSX: FTS), Pembina Pipeline Corporation (TSX: PPL) and TransCanada Corporation (TSX: TRP), in accordance with the terms and conditions of the Prospectus.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Emera Inc50.7760.5119.18%20%
Enbridge Inc.53.7154.371.23%20%
Fortis Inc.48.2560.6925.77%20%
Pembina Pipeline Corporation44.1345.753.67%20%
TC Energy Corporation64.6766.953.52%20%
Reference Portfolio Return10.67%
Call Threshold10.00%
Called on Jul 11, 2022