NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, due on November 27, 2024

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC23264
ISM Code:
V87976
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, RY CT Equity, TD CT Equity

Dates

Issue Date:
27-Nov-2018
Sales Period:
07-Nov-2018 - 21-Nov-2018
Maturity date:
27-Nov-2024
Note term:
6.0 years
Call Date 1:
27-May-2019
Call Date 2:
27-Nov-2019
Call Date 3:
27-May-2020
Call Date 4:
27-Nov-2020
Call Date 5:
27-May-2021
Call Date 6:
29-Nov-2021
Call Date 7:
27-May-2022
Call Date 8:
28-Nov-2022
Call Date 9:
29-May-2023
Call Date 10:
27-Nov-2023
Call Date 11:
27-May-2024
Call Valuation Date 1:
17-May-2019
Call Valuation Date 2:
20-Nov-2019
Call Valuation Date 3:
20-May-2020
Call Valuation Date 4:
20-Nov-2020
Call Valuation Date 5:
19-May-2021
Call Valuation Date 6:
22-Nov-2021
Call Valuation Date 7:
19-May-2022
Call Valuation Date 8:
21-Nov-2022
Call Valuation Date 9:
19-May-2023
Call Valuation Date 10:
20-Nov-2023
Call Valuation Date 11:
17-May-2024
Final Valuation Date:
20-Nov-2024

Highlights

  • 6-year term.
  • Linked to a portfolio of Canadian banks.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: 6M: 4.50%, 12M: 9.00%, 18M: 13.50%, 24M: 15.50%, 30M: 17.50%, 36M: 19.50%, 42M: 21.50%, 48M: 23.50%, 54M: 25.50%, 60M: 27.50%, 66M: 29.50%, 72M: 31.50%
  • 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 Montreal0.000.0020%
Bank of Nova Scotia0.000.0020%
Canadian Imperial Bank of Commerce0.000.0020%
Royal Bank of Canada0.000.0020%
Toronto-Dominion Bank0.000.0020%
Reference Portfolio Return0.00%
Call Threshold0.00%