NBC Relay Auto Callable Contingent ROC Note Securities (Maturity-Monitored Barrier) linked to the North American energy sector, Class F, due on March 12, 2025
3978
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC20554
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ISM Code:
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V86776
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Ticker Symbol:
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XEG CT Equity, XLE UP Equity
Highlights
- 6.5-year term.
- Linked to the North american energy sector.
- Potential ROC Payments: Provided that the Lowest Reference Asset Return is equal to or higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment on each ROC Payment Date.
- ROC Payment Threshold: -30.00%
- Call Threshold: 10.00%.
- Potential Coupon Payment: $8.20 p.a. paid semi-annually.
- Participation factor: 5.00%.
- Maturity Barrier: -30.00%.
- If the Lowest Reference Asset Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Notes 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 Notes are not automatically called and the Lowest Reference Asset Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return]; or
- If the Notes are not automatically called and the Lowest Reference Asset 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 Notes are not automatically called and the Lowest Reference Asset Return is negative and lower than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Lowest Reference Asset Return].
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- Daily secondary market available under normal market conditions.
Dates
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Strike Date:
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28-Aug-2018
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Issue Date:
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11-Sep-2018
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Maturity date:
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12-Mar-2025
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Note term:
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6.5 years
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Call Val. Date 1:
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05-Mar-2020
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Call Val. Date 2:
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04-Sep-2020
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Call Val. Date 3:
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05-Mar-2021
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Call Val. Date 4:
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03-Sep-2021
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Call Val. Date 5:
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07-Mar-2022
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Call Val. Date 6:
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02-Sep-2022
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Call Val. Date 7:
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06-Mar-2023
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Call Val. Date 8:
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05-Sep-2023
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Call Val. Date 9:
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05-Mar-2024
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Call Val. Date 10:
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05-Sep-2024
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Final Valuation Date:
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05-Mar-2025
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ROC Payment Valuation Date 1:
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05-Mar-2019
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ROC Payment Valuation Date 2:
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05-Sep-2019
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ROC Payment Valuation Date 3:
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05-Mar-2020
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ROC Payment Valuation Date 4:
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04-Sep-2020
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ROC Payment Valuation Date 5:
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05-Mar-2021
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ROC Payment Valuation Date 6:
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03-Sep-2021
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ROC Payment Valuation Date 7:
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07-Mar-2022
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ROC Payment Valuation Date 8:
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02-Sep-2022
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ROC Payment Valuation Date 9:
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06-Mar-2023
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ROC Payment Valuation Date 10:
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05-Sep-2023
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ROC Payment Valuation Date 11:
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05-Mar-2024
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ROC Payment Valuation Dates 12:
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05-Sep-2024
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ROC Payment Valuation Date 13:
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05-Mar-2025
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Price and Historical Values
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Last Updated Date:
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12-Sep-2022
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Current Price:
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$104.61
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Currency:
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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
| Company | Initial Price | Final Price | Return | Weighting |
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| iShares S&P/TSX Capped Energy Index ETF | 12.80 | 15.48 | 20.94% | 100% |
| Energy Select Sector SPDR® Fund | 71.33 | 79.96 | 12.10% | 100% |
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| | Lowest Reference Asset Return | 12.10% | |
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| | Call Threshold | 10.00% | |
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| Called on Sep 12, 2022 | | | | |
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