NBC Auto Callable Contingent Memory ROC Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, Class F, due on December 16, 2026

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC20151
ISM Code:
V45768
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, RY CT Equity, TD CT Equity

Dates

Issue Date:
13-Dec-2019
Maturity date:
16-Dec-2026
Note term:
7.0 years
Call Valuation Date 1:
09-Jun-2020
Call Valuation Date 2:
09-Dec-2020
Call Valuation Date 3:
09-Jun-2021
Call Valuation Date 4:
09-Dec-2021
Call Valuation Date 5:
09-Jun-2022
Call Valuation Date 6:
09-Dec-2022
Call Valuation Date 7:
09-Jun-2023
Call Valuation Date 8:
11-Dec-2023
Call Valuation Date 9:
10-Jun-2024
Call Valuation Date 10:
09-Dec-2024
Call Valuation Date 11:
09-Jun-2025
Call Valuation Date 12:
09-Dec-2025
Call Valuation Date 13:
09-Jun-2026
Final Valuation Date:
09-Dec-2026

Highlights

  • 7-year term.
  • Linked to Canadian banks.
  • Potential ROC Payments: provided that the Reference Portfolio Return is equal to or higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive, on the relevant ROC Payment date, the ROC Payment applicable
  • Memory feature: ROC Payments include any previously unpaid ROC Payments.
  • ROC Payment Threshold: -30%
  • Call Threshold: 10%.
  • Potential ROC Payment: 7.25% | 7.25% | 5% | 5% | 5% | 5% | 5%
  • Participation Factor: 5%
  • 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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Bank of Montreal0.000.0020%
Reference Portfolio Return0.00%
Call Threshold10.00%