NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian financial institutions (USD), Class F, due on April 27, 2026

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC20716
ISM Code:
V45232
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, GWO CT Equity, MFC CT Equity, POW CT Equity, PWF CT Equity, RY CT Equity, SLF CT Equity, TD CT Equity

Dates

Issue Date:
26-Apr-2019
Sales Period:
11-Apr-2019 - 18-Apr-2019
Maturity date:
27-Apr-2026
Note term:
7.0 years
Call Date 1:
28-Oct-2019
Call Date 2:
27-Jan-2020
Call Date 3:
27-Apr-2020
Call Date 4:
27-Jul-2020
Call Date 5:
27-Oct-2020
Call Date 6:
27-Jan-2021
Call Date 7:
27-Apr-2021
Call Date 8:
27-Jul-2021
Call Date 9:
27-Oct-2021
Call Date 10:
27-Jan-2022
Call Date 11:
27-Apr-2022
Call Date 12:
27-Jul-2022
Call Date 13:
27-Oct-2022
Call Valuation Date 1:
21-Oct-2019
Call Valuation Date 2:
17-Jan-2020
Call Valuation Date 3:
20-Apr-2020
Call Valuation Date 4:
20-Jul-2020
Call Valuation Date 5:
20-Oct-2020
Call Valuation Date 6:
20-Jan-2021
Call Valuation Date 7:
20-Apr-2021
Call Valuation Date 8:
20-Jul-2021
Call Valuation Date 9:
20-Oct-2021
Call Valuation Date 10:
20-Jan-2022
Call Valuation Date 11:
20-Apr-2022
Call Valuation Date 12:
20-Jul-2022
Call Valuation Date 13:
20-Oct-2022
Call Valuation Date 14:
20-Jan-2023
Call Valuation Date 15:
20-Apr-2023
Call Valuation Date 16:
20-Jul-2023
Call Valuation Date 17:
20-Oct-2023
Call Valuation Date 18:
22-Jan-2024
Call Valuation Date 19:
22-Apr-2024
Call Valuation Date 20:
22-Jul-2024
Call Valuation Date 21:
21-Oct-2024
Call Valuation Date 22:
17-Jan-2025
Call Valuation Date 23:
17-Apr-2025
Call Valuation Date 24:
21-Jul-2025
Call Valuation Date 25:
20-Oct-2025
Call Valuation Date 26:
20-Jan-2026
Final Valuation Date:
20-Apr-2026

Highlights

  • 7-year term.
  • Linked to a portfolio of Canadian financial institutions.
  • 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: -27.50%
  • Call Threshold: 10.00%.
  • Potential Coupon Payment: US$8.60 p.a. paid quarterly.
  • Participation factor: 0.00%.
  • Maturity Barrier: -27.50%.
  • 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 US$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 US$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 US$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 US$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
Manulife Financial Corporation0.000.0015%
Bank of Montreal0.000.0012%
Bank of Nova Scotia0.000.0012%
Canadian Imperial Bank of Commerce0.000.0012%
Royal Bank of Canada0.000.0012%
Toronto-Dominion Bank0.000.0012%
Sun Life Financial Inc.0.000.0010%
Great-West Lifeco Inc.0.000.005%
Power Corporation of Canada0.000.005%
Power Financial Corp0.000.005%
Reference Portfolio Return0.00%
Call Threshold10.00%