NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of American companies (USD), due on August 8, 2022
3010
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC2277
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ISM Code:
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V84508
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Educational Summary:
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Link
Highlights
- 5 year term.
- Linked to common shares of American companies.
- Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 8.00% ; Year 2: 15.00% ; Year 3: 18.00% ; Year 4: 21.00% ; Year 5: 24.00%.
- 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: -20.00%.
- 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 US$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 higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to US$100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return];
- 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 US$100;
- 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 US$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
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Issue Date:
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08-Aug-2017
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Maturity date:
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08-Aug-2022
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Note term:
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5.0 years
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Call Val. Date 1:
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31-Jul-2018
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Call Val. Date 2:
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31-Jul-2019
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Call Val. Date 3:
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31-Jul-2020
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Call Val. Date 4:
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30-Jul-2021
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Final Valuation Date:
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29-Jul-2022
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Price and Historical Values
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Last Updated Date:
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08-Aug-2018
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Current Price:
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US$108.48
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Current ETC:
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US$0.00
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Price Net of ETC:
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US$108.48
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Currency:
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USD
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 |
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| Apple Inc. | 160.08 | 190.29 | 18.87% | 10% |
| Cisco Systems, Inc. | 31.67 | 42.29 | 33.53% | 10% |
| Facebook, Inc. | 171.23 | 172.58 | 0.79% | 10% |
| Alphabet Inc., Class C | 926.79 | 1217.26 | 31.34% | 10% |
| Intel Corporation | 36.41 | 48.10 | 32.11% | 10% |
| Microsoft | 72.79 | 106.08 | 45.73% | 10% |
| QUALCOMM | 52.29 | 64.09 | 22.57% | 10% |
| International Business Machines Corporation | 142.11 | 144.93 | 1.98% | 10% |
| AT&T Inc. | 38.36 | 31.97 | -16.66% | 10% |
| Verizon | 48.60 | 51.64 | 6.26% | 10% |
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| | Reference Portfolio Return | 17.65% | |
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| | Call Threshold | 0.00% | |
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| Called on August 8, 2018 | | | | |
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