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

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC23165
ISM Code:
V86491
Ticker Symbol:
BMO, BNS, CIBC, RY, TD

Dates

Issue Date:
08-Jun-2018
Sales Period:
16-May-2018 - 04-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 a portfolio of Canadian banks.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is positive: Year 1: 11.25%, Year 2: 22.50%, Year 3: 33.75%, Year 4: 45.00%, Year 5: 56.25%.
  • Participation factor: 5.00%.
  • Maturity-Monitored Barrier: -20.00%.
  • 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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Bank of Montreal#N/A N/A101.4520%
Bank of Nova Scotia/The#N/A N/A80.2220%
Canadian Imperial Bank of Commerce#N/A N/A115.1020%
Royal Bank of Canada#N/A N/A99.1220%
Toronto-Dominion Bank/The#N/A N/A75.8320%
Reference Portfolio Return
Call Threshold0.00%