NBC Auto Callable Deposit Notes to a Canadian Preferred Share ETF, Series 5

Current price: $109.73
As of 07-Jul-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC26723
ISM Code:
V45384
Ticker Symbol:
ZPR CT Equity

Highlights

  • 6-year term.
  • Linked to Canadian preferred share index ETF.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: Year 1: 4.75%, Year 2: 9.50%, Year 3: 14.25%, Year 4: 19.00%, Year 5: 23.75%, Year 6: 28.50%
  • Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date, and the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds such Fixed Return.
  • Call Threshold: 0.00%.
  • Participation factor: 5.00%.
  • If the Reference Portfolio Return is higher than the Call Threshold on a Call Valuation Date, the Deposits will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • if the Deposits are not automatically called and the Reference Portfolio Return is higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • if the Deposits are not automatically called and the Reference Portfolio Return is equal to or lower than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • A daily secondary market is maintained subject to availability and to early trading charges. A Holder who sells Deposits prior to maturity may receive less than the Principal Amount per Deposit.
  • $1,000 minimum subscription (10 Deposits).

Dates

Issue Date:
05-Jul-2019
Maturity date:
07-Jul-2025
Note term:
6.0 years
Call Val. Date 1:
29-Jun-2020
Call Val. Date 2:
29-Jun-2021
Call Val. Date 3:
29-Jun-2022
Call Val. Date 4:
29-Jun-2023
Call Val. Date 5:
28-Jun-2024
Final Valuation Date:
27-Jun-2025

Price and Historical Values

Last Updated Date:
07-Jul-2021
Current Price:
$109.73
Current ETC:
$0.00
Price Net of ETC:
$109.73
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 ValueFinal PriceReturn
BMO Laddered Preferred Share Index ETF9.9511.35014.07%
Reference Portfolio Return14.07%
Basket Level1 140.704
Called on Jul 07, 2021