NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, due on November 3, 2025

Current price: $102.45
As of 02-Nov-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC20587
ISM Code:
V86923
Ticker Symbol:
XSP CT Equity
Educational Summary:
Link

Product Description

The NBC S&P/TSX Composite Low Volatility Index Deposit Notes 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

  • 7-year term.
  • Linked to the units of the iShares® S&P 500 Index ETF CAD Hedged.
  • 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 each Coupon Payment Date.
  • Coupon Payment Threshold: -40.00%
  • Call Threshold: 15.00%.
  • Potential Coupon Payment: $4.90 p.a. paid semi-annually.
  • Participation factor: 0.00%.
  • Maturity Barrier: -40.00%.
  • If the Reference Portfolio Return is equal to or 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.

Dates

Issue Date:
31-Oct-2018
Maturity date:
03-Nov-2025
Note term:
7.1 years
Call Val. Date 1:
25-Apr-2019
Call Val. Date 2:
28-Oct-2019
Call Val. Date 3:
27-Apr-2020
Call Val. Date 4:
26-Oct-2020
Call Val. Date 5:
26-Apr-2021
Call Val. Date 6:
26-Oct-2021
Call Val. Date 7:
25-Apr-2022
Call Val. Date 8:
26-Oct-2022
Call Val. Date 9:
25-Apr-2023
Call Val. Date 10:
26-Oct-2023
Call Val. Date 11:
25-Apr-2024
Call Val. Date 12:
28-Oct-2024
Call Val. Date 13:
25-Apr-2025
Final Valuation Date:
27-Oct-2025

Price and Historical Values

Last Updated Date:
02-Nov-2020
Current Price:
$102.45
Current ETC:
$0.00
Price Net of ETC:
$102.45
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.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
iShares Core S&P 500 Index ETF CAD-Hedged30.6436.8320.20%100%
Reference Portfolio Return20.20%
Barrier18.384
Call Threshold15.00%
Called on November 2, 2020Call Threshold Value35.236