NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Global gold mining sector, due on October 18, 2024

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC20896
ISM Code:
V45600
Ticker Symbol:
GDX UP Equity

Dates

Issue Date:
18-Oct-2019
Maturity date:
18-Oct-2024
Note term:
5.0 years
Call Valuation Date 1:
09-Apr-2020
Call Valuation Date 2:
09-Oct-2020
Call Valuation Date 3:
12-Apr-2021
Call Valuation Date 4:
08-Oct-2021
Call Valuation Date 5:
08-Apr-2022
Call Valuation Date 6:
11-Oct-2022
Call Valuation Date 7:
11-Apr-2023
Call Valuation Date 8:
11-Oct-2023
Call Valuation Date 9:
11-Apr-2024
Final Valuation Date:
10-Oct-2024

Highlights

  • 5-year term.
  • Linked to the units of the Vaneck Vectors Gold Miners 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: 10%.
  • Potential Coupon Payment: $8.00 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.

Price and Historical Values

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 PriceCurrent PriceReturnWeighting
The VanEck Vectors Gold Miners ETF0.000.00100%
Reference Portfolio Return0.00%
Barrier0
Call Threshold10.00%
Call Threshold Value0