NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the common shares of Caterpillar Inc., due on April 29, 2024

Current price: $96.30
As of 24-Jun-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC20717
ISM Code:
V45243
Ticker Symbol:
CAT UN Equity

Dates

Issue Date:
29-Apr-2019
Maturity date:
29-Apr-2024
Note term:
5.0 years
Call Date 1:
29-Oct-2019
Call Date 2:
29-Apr-2020
Call Date 3:
29-Oct-2020
Call Date 4:
29-Apr-2021
Call Date 5:
29-Oct-2021
Call Date 6:
29-Apr-2022
Call Date 7:
31-Oct-2022
Call Date 8:
01-May-2023
Call Date 9:
30-Oct-2023
Call Valuation Date 1:
22-Oct-2019
Call Valuation Date 2:
22-Apr-2020
Call Valuation Date 3:
22-Oct-2020
Call Valuation Date 4:
22-Apr-2021
Call Valuation Date 5:
22-Oct-2021
Call Valuation Date 6:
22-Apr-2022
Call Valuation Date 7:
24-Oct-2022
Call Valuation Date 8:
24-Apr-2023
Call Valuation Date 9:
23-Oct-2023
Final Valuation Date:
22-Apr-2024

Highlights

  • 5-year term.
  • Linked to common shares of Caterpillar Inc..
  • 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: -30.00%
  • Call Threshold: 5.00%.
  • Potential Coupon Payment: $8.50 p.a. paid semi-annually.
  • 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.

Price and Historical Values

Last Updated Date:
24-Jun-2019
Current Price:
$96.30
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.

Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Caterpillar139.02134.37-3.34%100%
Reference Portfolio Return-3.34%
Indicative Variable Interest0.00%
Barrier97.314
Call Threshold5.00%
Call Threshold Value145.971