NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian pipeline companies, due on April 29, 2025

Current price: $103.70
As of 25-Apr-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC20460
ISM Code:
V86345
Ticker Symbol:
ENB CT Equity, IPL CT Equity, KEY CT Equity, PPL CT Equity, TRP CT Equity
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to a portfolio of Canadian pipeline companies.
  • Potential Coupon Payments: Provided that the Reference Asset Return is higher than the Coupon Payment Threshold on the applicable Coupon Payment Valuation Date, Holders will be entitled to receive a Coupon Payment on each Coupon Payment Date.
  • Coupon Payment Threshold: -30.00%
  • Call Threshold: 10.00%.
  • Potential Coupon Payment: $7.40 p.a. paid semi-annually.
  • Participation factor: 0.00%.
  • Maturity Barrier: -30.00%.
  • 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].
  • If the Note Securities are not automatically called and the Reference Portfolio Return is positive 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 nil or negative but equal to or 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 negative but 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:
25-Apr-2018
Maturity date:
29-Apr-2025
Note term:
7.0 years
Call Date 13:
25-Oct-2024
Call Val. Date 1:
18-Oct-2018
Call Val. Date 2:
17-Apr-2019
Call Val. Date 3:
18-Oct-2019
Call Val. Date 4:
20-Apr-2020
Call Val. Date 5:
19-Oct-2020
Call Val. Date 6:
19-Apr-2021
Call Val. Date 7:
18-Oct-2021
Call Val. Date 8:
14-Apr-2022
Call Val. Date 9:
18-Oct-2022
Call Val. Date 10:
18-Apr-2023
Call Val. Date 11:
18-Oct-2023
Call Val. Date 12:
18-Apr-2024
Call Val. Date 13:
18-Oct-2024
Final Valuation Date:
22-Apr-2025

Price and Historical Values

Last Updated Date:
25-Apr-2019
Current Price:
$103.70
Current ETC:
$0.00
Price Net of ETC:
$103.70
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 PriceFinal PriceReturnWeighting
Enbridge Inc.37.5949.5231.74%20%
Inter Pipeline Ltd23.1922.28-3.92%20%
Keyera Corp34.6232.16-7.11%20%
Pembina Pipeline Corporation40.3849.7423.18%20%
TC Energy Corporation54.7462.3513.90%20%
Reference Portfolio Return11.56%
Call Threshold10.00%
Called on April 25, 2019