American Market GIC, Series 3

Current price: $124.00
As of 18-Apr-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC11762
ISM Code:
N49964
Ticker Symbol:
CAT, COST, CVX, DD, HD, IBM, INTC, JPM, KO, MCD, MET, PEP, PFE, PG, T, UPS, VZ, WFC, WMT, XOM

Highlights

  • 5-year term.
  • Linked to American Equity.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Participation Factor: 100%
  • Maximum: 24%.
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Dates

Issue Date:
12-Jun-2019
Maturity date:
11-Jun-2024
Note term:
5.0 years
Valuation Date:
04-Jun-2024

Price and Historical Values

Last Updated Date:
18-Apr-2024
Current Price:
$124.00

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 June 1, 2019, DowDuPont Inc. (NYSE: DWDP) completed the spin-off of Corteva, Inc. (NYSE: CTVA). In addition, DowDuPont Inc. changed its name for DuPont de Nemours, Inc., and DuPont de Nemours, Inc.’s common shares also began trading on the New York Stock Exchange under the new ticker symbol “DD” on June 3, 2019. As such, investors in the market-linked GICs are hereby advised that only the common shares of DuPont de Nemours, Inc. (NYSE: DD) were included as Reference Shares in the Reference Portfolio for all calculations to be made under the market-linked GICs. On November 16, 2020, Pfizer Inc. (NYSE: PFE) (“Pfizer”) completed the transaction to spin-off its Upjohn division and combine it with Mylan N.V. (Nasdaq: MYL) to form Viatris Inc. (Nasdaq: VTRS) (“Viatris”), triggering a Potential Adjustment Event as per the terms and conditions of the market-linked GICs in respect of the common shares of Pfizer, a Reference Share in the Reference Portfolio of the market-linked GICs. As stockholders received common shares of Viatris, they were sold and reinvested in common shares of Pfizer. As a result, the Initial Value of the common shares of Pfizer was adjusted as of the closing of the markets on November 16, 2020. On April 5, 2022, AT&T Inc. (NYSE: T) (“AT&T”) completed the transaction to spin-off its WarnerMedia business. AT&T shareholders received common shares of Warner Bros. Discovery, Inc. (Nasdaq: WBD) (“WBD”). WBD is the result of the transaction to combine WarnerMedia with Discovery, Inc. (Nasdaq: DISCA, DICSB, DISCK). This event triggered a Potential Adjustment Event as per the terms and conditions of the market-linked GICs in respect of the common shares of AT&T, a Reference Share in the Reference Portfolio of the market-linked GICs. The Initial Value of the common shares of AT&T was adjusted accordingly as of the closing of the markets on April 11, 2022. On November 3, 2021, International Business Machines Corporation (NYSE: IBM) (“IBM”) announced the completion of its separation from Kyndryl Holdings, Inc. (NYSE: KD) (“Kyndryl”). Starting on November 4, 2021, Kyndryl will be traded on the New York Stock Exchange under the symbol “KD”. IBM completed the spin-off of Kyndryl by the special distribution of one share of Kyndryl’s common stock for every 5 shares of IBM’s common stock held. This event triggered a Potential Adjustment Event as per the terms and conditions of the market-linked GICs in respect of the common shares of IBM, a Reference Share in the Reference Portfolio of the market-linked GICs. As such, the Initial Value of the common shares of IBM was adjusted as of the closing of the markets on November 3, 2021.

Legal Notice

Portfolio

CompanyInitial ValueCurrent PriceReturn
Caterpillar127.1357.93181.61%
Costco245.090706711.25190.20%
Chevron Corporation120.19157.5731.10%
DowDuPont Inc73.4673.530.10%
Home Depot Inc/The198.94332.8967.33%
International Business Machines Corporation128.822969181.4740.87%
Intel Corporation46.3235.04-24.35%
JPMorgan Chase & Co.109.27181.2565.87%
Coca-Cola Company51.6458.9114.08%
McDonald's Corporation204.93270.9832.23%
Metlife Inc.48.4269.9544.47%
PepsiCo Inc.133.14172.2729.39%
Pfizer40.83762725.39-37.83%
The Procter & Gamble/Co109.68157.2943.41%
AT&T Inc.24.28870116.33-32.77%
United Parcel Service100.4142.7442.17%
Verizon57.3640.13-30.04%
Wells Fargo44.9158.7430.79%
Wal-Mart Stores Inc36.273359.2663.37%
Exxon Mobil Corp74.03118.5260.10%
Reference Portfolio Return-3.48%
Basket Level1 406.051
Indicative Variable Interest24.00%
Monthly Fixing TableIndex Level
02-Apr-241456.6860
01-May-24
04-Jun-24
Average Fixing Level1456.6860