NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, Class F, due on August 27, 2026

Current price: $103.18
As of 27-Feb-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC20842
ISM Code:
V45509
Ticker Symbol:
XIU
Index Page:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the iShares® S&P/TSX 60® ETF.
  • 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: 5%.
  • Potential Coupon Payment: $6.35 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:
27-Aug-2019
Maturity date:
27-Aug-2026
Note term:
7.0 years
Call Date 1:
27-Feb-2020
Call Date 2:
27-Aug-2020
Call Date 3:
01-Mar-2021
Call Date 4:
27-Aug-2021
Call Date 5:
28-Feb-2022
Call Date 6:
29-Aug-2022
Call Date 7:
27-Feb-2023
Call Date 8:
28-Aug-2023
Call Date 9:
27-Feb-2024
Call Date 10:
27-Aug-2024
Call Date 11:
27-Feb-2025
Call Date 12:
27-Aug-2025
Call Date 13:
27-Feb-2026
Call Val. Date 1:
20-Feb-2020
Call Val. Date 2:
20-Aug-2020
Call Val. Date 3:
22-Feb-2021
Call Val. Date 4:
20-Aug-2021
Call Val. Date 5:
18-Feb-2022
Call Val. Date 6:
22-Aug-2022
Call Val. Date 7:
17-Feb-2023
Call Val. Date 8:
21-Aug-2023
Call Val. Date 9:
20-Feb-2024
Call Val. Date 10:
20-Aug-2024
Call Val. Date 11:
20-Feb-2025
Call Val. Date 12:
20-Aug-2025
Call Val. Date 13:
20-Feb-2026
Final Valuation Date:
20-Aug-2026

Price and Historical Values

Last Updated Date:
27-Feb-2020
Current Price:
$103.18
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
iShares® S&P/TSX 60 Index ETF24.2427.0011.39%100%
Reference Portfolio Return11.39%
Barrier16.968
Call Threshold5.00%
Called on February 27, 2020Call Threshold Value25.452