NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of American banks, due on November 24, 2023

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC23263
ISM Code:
V87973
Ticker Symbol:
BAC UN Equity, C UN Equity, JPM UN Equity, MS UN Equity, WFC UN Equity

Dates

Issue Date:
23-Nov-2018
Sales Period:
05-Nov-2018 - 19-Nov-2018
Maturity date:
24-Nov-2023
Note term:
5.0 years
Call Date 1:
25-Nov-2019
Call Date 2:
23-Nov-2020
Call Date 3:
23-Nov-2021
Call Date 4:
23-Nov-2022
Call Valuation Date 1:
18-Nov-2019
Call Valuation Date 2:
16-Nov-2020
Call Valuation Date 3:
16-Nov-2021
Call Valuation Date 4:
16-Nov-2022
Final Valuation Date:
16-Nov-2023

Highlights

  • 5-year term.
  • Linked to a portfolio of American banks.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: Year 1: 10.00%, Year 2: 17.00%, Year 3: 22.00%, Year 4: 27.00%, Year 5: 30.00%
  • 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.
  • Call Threshold: 0.00%.
  • Participation factor: 5.00%.
  • Maturity Barrier: -20.00%.
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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 lower than the Call Threshold and is 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 America Corporation0.000.0020%
Citigroup Inc.0.000.0020%
JPMorgan Chase & Co.0.000.0020%
Morgan Stanley0.000.0020%
Wells Fargo0.000.0020%
Reference Portfolio Return0.00%
Call Threshold0.00%