NBC Auto Callable Contingent Memory ROC Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, Class F, due on February 17, 2026

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC20092
ISM Code:
V42002
Ticker Symbol:
XIU CT Equity

Dates

Issue Date:
14-Feb-2019
Maturity date:
17-Feb-2026
Note term:
7.0 years
Call Date 1:
19-Aug-2019
Call Date 2:
18-Feb-2020
Call Date 3:
17-Aug-2020
Call Date 4:
17-Feb-2021
Call Date 5:
17-Aug-2021
Call Date 6:
17-Feb-2022
Call Date 7:
17-Aug-2022
Call Date 8:
17-Feb-2023
Call Date 9:
17-Aug-2023
Call Date 10:
20-Feb-2024
Call Date 11:
19-Aug-2024
Call Date 12:
18-Feb-2025
Call Date 13:
18-Aug-2025
Call Valuation Date 1:
12-Aug-2019
Call Valuation Date 2:
10-Feb-2020
Call Valuation Date 3:
10-Aug-2020
Call Valuation Date 4:
09-Feb-2021
Call Valuation Date 5:
10-Aug-2021
Call Valuation Date 6:
10-Feb-2022
Call Valuation Date 7:
10-Aug-2022
Call Valuation Date 8:
10-Feb-2023
Call Valuation Date 9:
10-Aug-2023
Call Valuation Date 10:
12-Feb-2024
Call Valuation Date 11:
12-Aug-2024
Call Valuation Date 12:
10-Feb-2025
Call Valuation Date 13:
11-Aug-2025
Final Valuation Date:
09-Feb-2026

Highlights

  • 7-year term.
  • Linked to the units of the iShares® S&P/TSX 60 Index ETF.
  • Potential ROC Payments: Provided that the Reference Portfolio Return is equal to or higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive, on the relevant ROC Payment Date, the ROC Payment applicable. Such payments will constitute partial repayments of the Principal Amount.
  • Potential ROC Payment: $7.25 p.a. for year 1 and 2 $5.50 p.a. thereafter Paid semi-annually.
  • Memory feature: ROC Payments include any previously unpaid ROC payments.
  • ROC Payment Threshold: -30.00%
  • Call Threshold: 10.00%.
  • Participation factor: 5.00%.
  • Maturity Barrier: -30.00%.
  • 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.

Price and Historical Values

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 PriceCurrent PriceReturnWeighting
iShares® S&P/TSX 6023.640.00-100.00%100%
Reference Portfolio Return0.00%
Barrier16.548
Call Threshold10.00%
Call Threshold Value26.004