NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, due on February 25, 2026
4324
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC20661
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ISM Code:
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V45085
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Ticker Symbol:
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XSP CT Equity
Dates
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Issue Date:
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25-Feb-2019
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Maturity date:
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25-Feb-2026
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Note term:
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7.0 years
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Call Valuation Date 1:
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19-Aug-2019
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Call Valuation Date 2:
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18-Nov-2019
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Call Valuation Date 3:
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18-Feb-2020
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Call Valuation Date 4:
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15-May-2020
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Call Valuation Date 5:
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18-Aug-2020
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Call Valuation Date 6:
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18-Nov-2020
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Call Valuation Date 7:
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18-Feb-2021
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Call Valuation Date 8:
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17-May-2021
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Call Valuation Date 9:
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18-Aug-2021
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Call Valuation Date 10:
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18-Nov-2021
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Call Valuation Date 11:
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17-Feb-2022
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Call Valuation Date 12:
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17-May-2022
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Call Valuation Date 13:
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18-Aug-2022
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Call Valuation Date 14:
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17-Nov-2022
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Call Valuation Date 15:
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17-Feb-2023
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Call Valuation Date 16:
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17-May-2023
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Call Valuation Date 17:
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18-Aug-2023
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Call Valuation Date 18:
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17-Nov-2023
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Call Valuation Date 19:
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16-Feb-2024
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Call Valuation Date 20:
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17-May-2024
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Call Valuation Date 21:
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19-Aug-2024
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Call Valuation Date 22:
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18-Nov-2024
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Call Valuation Date 23:
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18-Feb-2025
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Call Valuation Date 24:
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16-May-2025
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Call Valuation Date 25:
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18-Aug-2025
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Call Valuation Date 26:
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18-Nov-2025
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Final Valuation Date:
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18-Feb-2026
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Highlights
- 7-year term.
- Linked to the units of the iShares® Core S&P 500 Index ETF CAD Hedged.
- Potential Coupon Payments: Provided that the Reference Portfolio Return is equal to or 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: $5.40 p.a. paid quarterly.
- 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.
Price and Historical Values
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Last Updated Date:
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15-Aug-2019
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Current Price:
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$98.02
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Current ETC:
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$0.00
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Price Net of ETC:
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$98.02
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
| Company | Initial Price | Current Price | Return | Weighting |
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| iShares Core S&P 500 Index ETF CAD- Hedged | 31.18 | 31.58 | 1.28% | 100% |
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| | Reference Portfolio Return | 1.28% | |
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| | Indicative Variable Interest | 0.00% | |
| | Barrier | 18.708 | |
| | Call Threshold | 15.00% | |
| | Call Threshold Value | 35.857 | |
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