NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to American food companies, Class F, due on January 29, 2027

Current price: $104.25
As of 30-Jan-2023

General Information

Issuer:
NBC
FundSERV Code:
NBC21029
ISM Code:
V45908
Ticker Symbol:
CAG, CPB, K, SJM
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to American food companies.
  • 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: -25%
  • Call Threshold: 10%.
  • Potential Coupon Payment: $8.50 p.a. paid semi-annually.
  • Maturity Barrier: -25%.
  • 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:
29-Jan-2020
Maturity date:
29-Jan-2027
Note term:
7.0 years
Call Val. Date 1:
22-Jul-2020
Call Val. Date 2:
22-Jan-2021
Call Val. Date 3:
22-Jul-2021
Call Val. Date 4:
24-Jan-2022
Call Val. Date 5:
22-Jul-2022
Call Val. Date 6:
23-Jan-2023
Call Val. Date 7:
24-Jul-2023
Call Val. Date 8:
22-Jan-2024
Call Val. Date 9:
22-Jul-2024
Call Val. Date 10:
22-Jan-2025
Call Val. Date 11:
22-Jul-2025
Call Val. Date 12:
22-Jan-2026
Call Val. Date 13:
22-Jul-2026
Final Valuation Date:
22-Jan-2027

Price and Historical Values

Last Updated Date:
30-Jan-2023
Current Price:
$104.25
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
Conagra Brands33.2037.4312.74%25%
Campbell Soup Co48.3451.586.70%25%
Kellogg68.4367.29-1.67%25%
JM Smucker105.18147.7040.43%25%
Reference Portfolio Return14.55%
Call Threshold10.00%
Called on Jan 30, 2023