NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian energy sector, due on February 26, 2026

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC20659
ISM Code:
V45077
Ticker Symbol:
XEG CT Equity

Dates

Issue Date:
26-Feb-2019
Sales Period:
05-Feb-2019 - 20-Feb-2019
Maturity date:
26-Feb-2026
Note term:
7.0 years
Call Date 1:
26-Aug-2019
Call Date 2:
26-Nov-2019
Call Date 3:
26-Feb-2020
Call Date 4:
26-May-2020
Call Date 5:
26-Aug-2020
Call Date 6:
26-Nov-2020
Call Date 7:
26-Feb-2021
Call Date 8:
26-May-2021
Call Date 9:
26-Aug-2021
Call Date 10:
26-Nov-2021
Call Date 11:
28-Feb-2022
Call Date 12:
26-May-2022
Call Date 13:
26-Aug-2022
Call Valuation Date 1:
19-Aug-2019
Call Valuation Date 2:
19-Nov-2019
Call Valuation Date 3:
19-Feb-2020
Call Valuation Date 4:
19-May-2020
Call Valuation Date 5:
19-Aug-2020
Call Valuation Date 6:
19-Nov-2020
Call Valuation Date 7:
19-Feb-2021
Call Valuation Date 8:
18-May-2021
Call Valuation Date 9:
19-Aug-2021
Call Valuation Date 10:
19-Nov-2021
Call Valuation Date 11:
18-Feb-2022
Call Valuation Date 12:
18-May-2022
Call Valuation Date 13:
19-Aug-2022
Final Valuation Date:
19-Feb-2026

Highlights

  • 7-year term.
  • Linked to the units of the iShares® S&P/TSX Capped Energy Index ETF.
  • 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: -30.00%
  • Call Threshold: 10.00%.
  • Potential Coupon Payment: $9.25 p.a. paid quarterly.
  • Participation factor: 0.00%.
  • 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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
iShares S&P/TSX Capped Energy Index ETF0.000.00100%
Reference Portfolio Return0.00%
Barrier0
Call Threshold10.00%
Call Threshold Value0