NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian pipeline companies, due on September 8, 2026

Current price: $170.00
As of 09-Sep-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC23409
ISM Code:
V45499
Ticker Symbol:
ENB CT Equity, IPL CT Equity, PPL CT Equity, TRP CT Equity
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to a portfolio of Canadian pipeline companies.
  • Fixed return applicable to the call valuation dates if the reference portfolio return is higher than the call threshold: Year 1: 14%, Year 2: 28%, Year 3: 42%, Year 4: 56%, Year 5: 70%, Year 6: 84%, Year 7: 98%
  • 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%.
  • Participation factor: 5%
  • Barrière à l’échéance: -40%.
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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 lower than the Call Threshold and is 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:
06-Sep-2019
Maturity date:
08-Sep-2026
Note term:
7.0 years
Call Date 1:
08-Sep-2020
Call Date 2:
08-Sep-2021
Call Date 3:
08-Sep-2022
Call Date 4:
08-Sep-2023
Call Date 5:
09-Sep-2024
Call Date 6:
08-Sep-2025
Call Val. Date 1:
31-Aug-2020
Call Val. Date 2:
31-Aug-2021
Call Val. Date 3:
31-Aug-2022
Call Val. Date 4:
31-Aug-2023
Call Val. Date 5:
30-Aug-2024
Call Val. Date 6:
29-Aug-2025
Final Valuation Date:
31-Aug-2026

Price and Historical Values

Last Updated Date:
09-Sep-2024
Current Price:
$170.00
Current ETC:
$0.00
Price Net of ETC:
$170.00
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.

Note

On October 28, 2021, Brookfield Infrastructure Partners L.P. announced the completion of its acquisition of Inter Pipeline Ltd. (TSX: IPL) (“Inter Pipeline”). It is anticipated that the Inter Pipeline shares will be delisted from the Toronto Stock Exchange. This event triggered a Substitution Event in connection with the Reference Portfolio of the Note Securities as per the terms and conditions of the Prospectus. As such, we hereby advise the Holders of the Note Securities that the common shares of Inter Pipeline have been replaced by the common shares of Keyera Inc. (TSX: KEY) as a Reference Asset in the Reference Portfolio of the Note Securities, in accordance with the terms and conditions of the Prospectus. As a result, all calculations in respect of the Reference Portfolio Return that were based on the price of the common shares of Inter Pipeline are, from the closing of the markets on October 28, 2021, based on the price of the common shares of Keyera Inc.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Enbridge Inc.45.2554.2219.82%25%
Keyera Corp40.1740.370.49%25%
Pembina Pipeline Corporation48.8254.2911.20%25%
TC Energy Corporation61.3562.421.74%25%
Reference Portfolio Return6.05%
Call Threshold0.00%
Called on Sep 09, 2024