National Bank - Structured Solutions Group

NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian insurance companies, Class F, due on June 8, 2023

Current price: $95.08
As of 13-Aug-2018

General Information

Issuer:
NBC
FundSERV Code:
NBC23164
ISM Code:
V86474
Ticker Symbol:
GWO, MFC, POW, PWF, SLF

Dates

Issue Date:
08-Jun-2018
Maturity date:
08-Jun-2023
Note term:
5.0 years
Call Date 1:
10-Jun-2019
Call Date 2:
08-Jun-2020
Call Date 3:
08-Jun-2021
Call Date 4:
08-Jun-2022
Call Date 5:
08-Jun-2023
Call Valuation Date 1:
03-Jun-2019
Call Valuation Date 2:
01-Jun-2020
Call Valuation Date 3:
01-Jun-2021
Call Valuation Date 4:
01-Jun-2022
Call Valuation Date 5:
01-Jun-2023
Final Valuation Date:
01-Jun-2023

Highlights

  • 5-year term.
  • Linked to the a portfolio of Canadian insurance companies.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is positive: Year 1: 11.00%, Year 2: 22.00%, Year 3: 33.00%, Year 4: 44.00%, Year 5: 55.00%
  • 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: -25.00%.
  • 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 higher than the Call Threshold 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 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 $100; or
  • 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 $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:
$95.08

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
Manulife Financial Corp24.7423.91-3.35%40%
Sun Life Financial Inc55.0351.49-6.43%30%
Great-West Lifeco Inc33.4532.00-4.33%10%
Power Corp of Canada30.4829.07-4.63%10%
Power Financial Corp32.6131.06-4.75%10%
Reference Portfolio Return-4.64%
Indicative Variable Interest0.00%
Call Threshold0.00%