NBC Auto Callable Contingent ROC Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian insurance companies, Class F, due on March 23, 2026

Current price: $105.06
As of 23-Mar-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC20692
ISM Code:
V45144
Ticker Symbol:
GWO CT Equity, MFC CT Equity, POW CT Equity, PWF CT Equity, SLF CT Equity

Highlights

  • 7-year term.
  • Linked to a portfolio of Canadian insurance companies.
  • 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 a ROC Payment on each ROC Payment Date.
  • ROC Payment Threshold: -30.00%
  • Call Threshold: 10.00%.
  • Potential ROC Payment: $8.35 p.a. paid semi-annually.
  • 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.

Dates

Issue Date:
21-Mar-2019
Maturity date:
23-Mar-2026
Note term:
7.0 years
Call Date 1:
23-Sep-2020
Call Date 2:
23-Mar-2021
Call Date 3:
23-Sep-2021
Call Date 4:
23-Mar-2022
Call Date 5:
23-Sep-2022
Call Date 6:
23-Mar-2023
Call Date 7:
25-Sep-2023
Call Date 8:
25-Mar-2024
Call Date 9:
23-Sep-2024
Call Date 10:
24-Mar-2025
Call Date 11:
23-Sep-2025
Call Val. Date 1:
16-Sep-2020
Call Val. Date 2:
16-Mar-2021
Call Val. Date 3:
16-Sep-2021
Call Val. Date 4:
16-Mar-2022
Call Val. Date 5:
16-Sep-2022
Call Val. Date 6:
16-Mar-2023
Call Val. Date 7:
18-Sep-2023
Call Val. Date 8:
18-Mar-2024
Call Val. Date 9:
16-Sep-2024
Call Val. Date 10:
17-Mar-2025
Call Val. Date 11:
16-Sep-2025
Final Valuation Date:
16-Mar-2026
ROC Payment Valuation Date 1:
16-Sep-2019
ROC Payment Valuation Date 2:
16-Mar-2020
ROC Payment Valuation Date 3:
16-Sep-2020
ROC Payment Valuation Date 4:
16-Mar-2021
ROC Payment Valuation Date 5:
16-Sep-2021
ROC Payment Valuation Date 6:
16-Mar-2022
ROC Payment Valuation Date 7:
16-Sep-2022
ROC Payment Valuation Date 8:
16-Mar-2023
ROC Payment Valuation Date 9:
18-Sep-2023
ROC Payment Valuation Date 10:
18-Mar-2024
ROC Payment Valuation Date 11:
16-Sep-2024
ROC Payment Valuation Dates 12:
24-Mar-2025
ROC Payment Valuation Date 13:
16-Sep-2025
ROC Payment Valuation Date 14:
16-Mar-2026

Price and Historical Values

Last Updated Date:
23-Mar-2021
Current Price:
$105.06
Currency:
CAN

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.

Note

On February 13, 2020, Power Corporation of Canada (TSX: POW) (“Power Corporation”) and Power Financial Corporation (TSX: PWF) (“Power Financial”) announced the completion of a reorganization transaction pursuant to which Power Corporation acquired all the common shares of Power Financial held by holders other than Power Corporation and its wholly owned subsidiaries. This event triggered a Substitution Event in connection with the Note Securities as per the terms of the Prospectus. As such, we hereby advise the Holders of the Note Securities that, as of the closing of the markets on February 18, 2020, the common shares of Power Financial have been replaced by the common shares of Power Corporation as a Reference Asset in the Reference Portfolio of the Note Securities in accordance with the terms and conditions of the Prospectus. As a result, all calculations in respect of the Reference Portfolio Return that were based on the price of the common shares of Power Financial are, from February 18, 2020 until the Maturity Date, based on the price of the common shares of Power Corporation.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Manulife Financial Corporation22.6526.7117.92%40%
Sun Life Financial Inc.50.9064.0625.85%30%
Power Corporation of Canada29.6432.569.84%20%
Great-West Lifeco Inc.31.7032.743.28%10%
Reference Portfolio Return17.22%
Call Threshold10.00%
Called on Mar 23, 2021