NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian insurance companies, due on June 29, 2026

Current price: $103.63
As of 30-Dec-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC20768
ISM Code:
V45360
Ticker Symbol:
GWO, MFC, POW, PWF, SLF
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to Canadian insurance companies.
  • 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%
  • Call Threshold: 10%.
  • Potential Coupon Payment: $7.25 p.a. paid semi-annually.
  • Participation Factor: 0%
  • Maturity Barrier: -30%.
  • 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:
02-Jul-2019
Maturity date:
29-Jun-2026
Note term:
6.9 years
Call Date 1:
30-Dec-2019
Call Date 2:
29-Jun-2020
Call Date 3:
29-Dec-2020
Call Date 4:
29-Jun-2021
Call Date 5:
29-Dec-2021
Call Date 6:
29-Jun-2022
Call Date 7:
29-Dec-2022
Call Date 8:
29-Jun-2023
Call Date 9:
29-Dec-2023
Call Date 10:
02-Jul-2024
Call Date 11:
30-Dec-2024
Call Date 12:
30-Jun-2025
Call Date 13:
29-Dec-2025
Call Val. Date 1:
19-Dec-2019
Call Val. Date 2:
19-Jun-2020
Call Val. Date 3:
18-Dec-2020
Call Val. Date 4:
21-Jun-2021
Call Val. Date 5:
20-Dec-2021
Call Val. Date 6:
21-Jun-2022
Call Val. Date 7:
20-Dec-2022
Call Val. Date 8:
21-Jun-2023
Call Val. Date 9:
20-Dec-2023
Call Val. Date 10:
21-Jun-2024
Call Val. Date 11:
19-Dec-2024
Call Val. Date 12:
20-Jun-2025
Call Val. Date 13:
18-Dec-2025
Final Valuation Date:
19-Jun-2026

Price and Historical Values

Last Updated Date:
30-Dec-2019
Current Price:
$103.63
Current ETC:
$0.00
Price Net of ETC:
$103.63
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 PriceFinal PriceReturnWeighting
Manulife Financial Corporation24.2826.027.17%40%
Sun Life Financial Inc.54.6459.318.55%30%
Great-West Lifeco Inc.30.3133.6410.99%10%
Power Corporation of Canada28.2133.6519.28%10%
Power Financial Corp30.1135.2317.00%10%
Reference Portfolio Return10.16%
Call Threshold10.00%
Called on December 30, 2019