Diversified GIC - Balanced, Series 73

Current price: $117.64
As of 18-Sep-2023

General Information

Issuer:
NBC
FundSERV Code:
NBC11048
ISM Code:
N5772C
Ticker Symbol:
7267, 8058, ABX, ALV, BCE, BHP, BMO, BNP, CCO, CM, CNR, CSGN, CVX, ENB, EOAN, FP, FTS, F, GSK, INTC, KO, L, MG, MSFT, NOVN, NTR, POW, RCI/B, SPB, RY, SAP, SIE, SJR/B, SU, IR, T, TRI, TRP, T, VZ

Product Description

The Canadian Market Low Volatility GIC offers the growth potential linked to the performance of the S&P/TSX Composite Low Volatility Index all while ensuring 100% principal protection at maturity.

Highlights

  • 5-year term.
  • Linked to Diversified Balanced.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Participation Factor: 100%
  • Maximum: 23.79%.
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Dates

Issue Date:
19-Sep-2018
Maturity date:
18-Sep-2023
Note term:
5.0 years
Valuation Date:
11-Sep-2023

Price and Historical Values

Last Updated Date:
18-Sep-2023
Current Price:
$117.64
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.

Note

On June 13, 2023, UBS Group AG (SW: UBSG) (“UBS”) completed its merger with Credit Suisse Group AG (SW: CSGN) (“Credit Suisse”). Accordingly, Credit Suisse’s shares were delisted from the SIX Swiss Exchange. This event triggered a Substitution Event in connection with the Reference Portfolio of the market-linked GICs as per the terms and conditions of the Information Statement. As such, we hereby advise the Holders of the market-linked GICs that the common shares of Credit Suisse have been replaced by the common shares of UBS as a Reference Asset in the Reference Portfolio of the market-linked GICs, in accordance with the terms and conditions of the Information Statement. As a result, all calculations in respect of the Reference Portfolio Return that were based on the price of the common shares of Credit Suisse are, from the closing of the markets on June 13, 2023, based on the price of the common shares of UBS.

On July 18, 2022, GSK PLC (LN: GSK) (“GSK”) separated its consumer healthcare business to form Haleon PLC (LN: HLN) (“Haleon”), an independent listed company. Following the spin-off, GSK completed the consolidation of its share capital, effective by the closing of the markets on the same day. These events triggered Potential Adjustment Events as per the terms and conditions of the market-linked GICs in respect of the common shares of GSK, a Reference Share in the Reference Portfolio of the market-linked GICs. As such, the Initial Value of the common shares of GSK was adjusted for the spin-off as of the opening of the markets on July 18, 2022, followed by an adjustment to reflect the consolidation at the closing of the markets on the same day.

On May 24, 2022, BHP Group Limited (ASE: BHP) (BHP) completed the spin-off of Woodside Energy Group Ltd (ASE: WDS) (Woodside) by the special distribution of one newly issued share of Woodside for every 5.5340 shares of BHP held. The spin-off occurred following the announcement of the merger of BHP with Woodside. This event triggered a Potential Adjustment Event as per the terms and conditions of the market-linked GICs in respect of the common shares of BHP, a Reference Share in the Reference Portfolio of the market-linked GICs. As such, the Initial Value of the common shares of BHP was adjusted as of the closing of the markets on May 24, 2022. On September 28, 2020, Siemens AG (Xetra: SIE) (Siemens) completed the spin-off of Siemens Energy AG (Xetra: ENR) triggering a Potential Adjustment Event as per the terms and conditions of the market-linked GICs in respect of the common shares of Siemens, a Reference Share in the Reference Portfolio of the market-linked GICs. As such, the Reference Share Initial Value of the common shares of Siemens was adjusted as of the closing of the markets on September 28, 2020. On April 5, 2022, AT&T Inc. (NYSE: T) (AT&T) completed the transaction to spin-off its WarnerMedia business. AT&T shareholders received common shares of Warner Bros. Discovery, Inc. (Nasdaq: WBD) (WBD). WBD is the result of the transaction to combine WarnerMedia with Discovery, Inc. (Nasdaq: DISCA, DICSB, DISCK). This event triggered a Potential Adjustment Event as per the terms and conditions of the market-linked GICs in respect of the common shares of AT&T, a Reference Share in the Reference Portfolio of the market-linked GICs. The Initial Value of the common shares of AT&T was adjusted accordingly as of the closing of the markets on April 11, 2022.


On April 4, 2023, Rogers Communications Inc. – Class B (TSX: RCI/B) (“Rogers”) completed its merger with Shaw Communications Inc. – Class B (TSX: SJR/B) (“Shaw”). Accordingly, Shaw’s shares were delisted from the Toronto Stock Exchange. This event triggered a Substitution Event in connection with the Reference Portfolio of the market-linked GICs as per the terms and conditions of the Information Statement. As such, we hereby advise the Holders of the market-linked GICs that the common shares of Shaw have been replaced by the common shares of Restaurant Brands International Inc. (TSX: QSR) (“RBI”) as a Reference Asset in the Reference Portfolio of the market-linked GICs, in accordance with the terms and conditions of the Information Statement. As a result, all calculations in respect of the Reference Portfolio Return that were based on the price of the common shares of Shaw are, from the closing of the markets on April 4, 2023, based on the price of the common shares of RBI.


Legal Notice

Portfolio

CompanyInitial ValueInitial FX Rate
Barrick Gold Corporation13.541.00
BCE Inc.51.911.00
Bank of Montreal107.411.00
Cameco Corp12.501.00
Canadian Imperial Bank of Commerce61.771.00
Canadian National Railway Company111.361.00
Enbridge Inc.44.741.00
Fortis Inc.42.271.00
Loblaw Companies Limited54.771.00
Magna International Inc.70.331.00
Nutrien Ltd75.681.00
Power Corporation of Canada28.471.00
Restaurant Brands International Inc.55.491.00
Rogers Communications Inc. - Class B66.751.00
Royal Bank of Canada103.991.00
Saputo Inc.39.351.00
Suncor Energy Inc.50.591.00
TELUS Corporation23.651.00
Thomson Reuters Corporation58.751.00
TC Energy Corporation49.491.00
Reference Portfolio Return
CompanyInitial ValueInitial FX Rate
Honda Motor Co Ltd1127.700.01
Mitsubishi Corp1157.700.01
Allianz SE188.201.51
BHP Group Ltd.28.850.94
BNP Paribas SA52.961.51
Chevron Corporation119.511.29
E.ON SE8.641.51
Ford9.301.29
GlaxoSmithKline1514.151.70
Intel Corporation46.151.29
Coca-Cola Company45.961.29
Microsoft111.701.29
Novartis AG72.261.34
Rio Tinto PLC3580.841.70
Siemens AG99.611.51
Schneider Electric SE69.181.51
TOTAL S.A.53.131.51
AT&T Inc.25.191.29
UBS Group AG299.401.00
Verizon53.501.29
Reference Portfolio Return