NBC Auto Callable Canadian REITs Deposit Notes, Series 2

Current price: $104.42
As of 28-Mar-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC26556
ISM Code:
V86247
Ticker Symbol:
ZRE CT Equity

Product Description

The Deposits will be redeemed automatically prior to the Maturity Date if on any Call Valuation Date the Reference Portfolio Return is higher than the Call Threshold.

Highlights

  • 5-year term.
  • Linked to the units of the BMO Equal Weight REITs Index ETF.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Potential fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: Year 1: 4.00%, Year 2: 8.00%, Year 3: 12.00%, Year 4: 16.00%, Year 5: 20.00%
  • 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.
  • Call Threshold: 0.00%.
  • Participation factor: 5.00%.
  • The Deposit will be redeemed automatically prior to the Maturity Date if on any Call Valuation Date the Reference Portfolio Return is higher than the Call Threshold.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • A daily secondary market is maintained subject to availability. A Holder who sells Deposits prior to maturity may receive less than the Principal Amount per Deposit.
  • $1,000 minimum subscription (10 Deposits).

Dates

Issue Date:
28-Mar-2018
Maturity date:
28-Mar-2023
Note term:
5.0 years
Call Val. Date 1:
21-Mar-2019
Call Val. Date 2:
23-Mar-2020
Call Val. Date 3:
22-Mar-2021
Call Val. Date 4:
21-Mar-2022
Final Valuation Date:
21-Mar-2023

Price and Historical Values

Last Updated Date:
28-Mar-2019
Current Price:
$104.42
Current ETC:
$0.00
Price Net of ETC:
$104.42
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.

Legal Notice

Portfolio

CompanyInitial ValueCurrent PriceReturn
BMO Equal Weight REITs Index ETF20.9823.58012.39%
Reference Portfolio Return12.39%
Basket Level1 123.928
Called on March 28, 2019