NBC Canadian Blue Chip III Deposit Notes S35

Current price: $167.72
As of 30-Nov-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC1614
ISM Code:
V76378

Product Description

The Deposit Notes provide a return over the 8.5-year maturity that is linked to the price performance of a Reference Portfolio composed of the common shares of 20 Canadian companies. The Deposit Notes are callable for redemption 4.25 years after the Issuance Date at $135.98 per Deposit Note for an annual compounded rate of return of approximately 7.50%. If the Bank does not exercise its right to call the Deposit Notes, the Variable Return at maturity is unlimited.

Highlights

  • Principal fully protected at maturity by National Bank of Canada.
  • The return at maturity, if any is linked to the price performance of a notional reference portfolio composed of the common shares of 20 Canadian companies.
  • May be called for redemption by National Bank of Canada 4.25 years after the Issuance Date at $135.98 per Deposit Note for an annual compounded rate of return of approximately 7.50% on the Bank Early Redemption Day.
  • The Reference Share Return is a price return, and will not take into account dividends (approximately 3.83% as of April 4, 2012).
  • 8.5 year term.
  • A daily secondary market subject to availability and to early trading charges within the first 720 days from and including the Issuance Date, up to $6.00 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:
29-May-2012
Maturity date:
30-Nov-2020
Note term:
8.5 years
Valuation Date:
23-Nov-2020
Call Val. Date 1:
29-Aug-2016

Price and Historical Values

Last Updated Date:
30-Nov-2020
Current Price:
$167.72
Current ETC:
$0.00
Price Net of ETC:
$167.72
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 January 24, 2020, Encana Corporation (TSX: ECA) (“Encana”) announced the completion of its reorganization, including the company rebranding under the name Ovintiv Inc. and the establishment of its corporate domicile in the United-States (NYSE : OVV). This event triggered a Substitution Event in connection with the Reference Portfolio of the Deposit Notes as per the terms and conditions of the Information Statement relating to the Deposit Notes. As such, we hereby advise the Holders of the Deposit Notes that, as of the closing of the markets on January 24, 2020, the common shares of Encana have been replaced by the common shares of Canadian Natural Resources Limited (TSX: CNQ) as a Reference Share in the Reference Portfolio of the Deposit Notes, in accordance with the terms and conditions of the Information Statement. As a result, all calculations in respect of the Reference Portfolio Return that were based on the price of the common shares of Encana are, from this date until maturity, based on the price of the common shares of Canadian Natural Resources Limited.

Legal Notice

Portfolio

CompanyInitial ValueFinal PriceReturn
BCE Inc.40.6456.4638.93%
Bank of Montreal54.7894.8473.13%
Canadian Imperial Bank of Commerce70.75109.6154.93%
Canadian Natural Resources Ltd170.5129.79-82.53%
Canadian National Railway Company42.15142.64238.41%
Enbridge Inc.40.9039.18-4.21%
Fortis Inc.32.8953.3462.18%
Husky Energy Inc.23.905.50-76.99%
Loblaw Companies Limited25.4764.85154.57%
Metro Inc.25.1560.56140.83%
Power Corporation of Canada23.4429.6126.32%
Rogers Communications Inc. - Class B35.9559.8766.54%
Saputo Inc.21.3034.7863.29%
Shaw Communications Inc. - Class B19.5622.8016.56%
Sun Life Financial Inc.21.2159.26179.40%
TELUS Corporation14.7624.6366.87%
Toronto-Dominion Bank39.4569.8076.93%
Teck Resources Limited - Class B32.5120.09-38.20%
Thomson Reuters Corporation28.92104.89262.64%
TC Energy Corporation42.4357.1934.79%
Reference Portfolio Return67.72%
Basket Level1 677.191