National Bank - Structured Solutions Group

NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian utilities sector, due on June 9, 2025

Current price: $100.95
As of 13-Aug-2018

General Information

Issuer:
NBC
FundSERV Code:
NBC20488
ISM Code:
V86479
Ticker Symbol:
XUT

Dates

Issue Date:
07-Jun-2018
Maturity date:
09-Jun-2025
Note term:
7.0 years
Call Date 1:
10-Dec-2018
Call Date 2:
10-Jun-2019
Call Date 3:
09-Dec-2019
Call Date 4:
12-Jun-2020
Call Date 5:
09-Dec-2020
Call Date 6:
09-Jun-2021
Call Date 7:
08-Dec-2021
Call Date 8:
08-Jun-2022
Call Date 9:
08-Dec-2022
Call Date 10:
08-Jun-2023
Call Date 11:
08-Dec-2023
Call Date 12:
10-Jun-2024
Call Valuation Date 1:
03-Dec-2018
Call Valuation Date 2:
03-Jun-2019
Call Valuation Date 3:
02-Dec-2019
Call Valuation Date 4:
05-Jun-2020
Call Valuation Date 5:
02-Dec-2020
Call Valuation Date 6:
02-Jun-2021
Call Valuation Date 7:
01-Dec-2021
Call Valuation Date 8:
01-Jun-2022
Call Valuation Date 9:
01-Dec-2022
Call Valuation Date 10:
01-Jun-2023
Call Valuation Date 11:
01-Dec-2023
Call Valuation Date 12:
03-Jun-2024
Call Valuation Date 13:
02-Dec-2024
Final Valuation Date:
02-Jun-2025

Highlights

  • 7-year term.
  • Linked to the Units of the iShares® S&P/TSX Capped Utilities Index ETF.
  • 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 the applicable Coupon Payment Date.
  • Coupon Payment Threshold: -30.00%.
  • Call Threshold: 10.00%.
  • Potential Coupon Payments : $7.00 p. a. paid semi-annually.
  • Participation Factor: 0%.
  • Maturity-Monitored 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]; or
  • 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 and 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.

Price and Historical Values

Last Updated Date:
13-Aug-2018
Current Price:
$100.95

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 PriceCurrent PriceReturnWeighting
iShares S&P/TSX Capped Utilities Index ETF20.4721.193.52%100%
Reference Portfolio Return3.52%
Indicative Variable Interest0.00%
Barrier14.329
Call Threshold10.00%
Call Threshold Value22.517