NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks (USD), Class F, due on January 25, 2027

Current price: US$102.88
As of 23-Jul-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC21037
ISM Code:
V45919
Ticker Symbol:
BMO, BNS, CM, RY, TD
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to Canadian banks.
  • 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: -35%
  • Call Threshold: 5%.
  • Potential Coupon Payment: US$5.75 p.a. paid semi-annually.
  • Participation Factor: 0%
  • Maturity Barrier: -35%.
  • 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 US$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 US$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 US$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 US$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:
23-Jan-2020
Maturity date:
25-Jan-2027
Note term:
7.0 years
Call Val. Date 1:
16-Jul-2020
Call Val. Date 2:
15-Jan-2021
Call Val. Date 3:
16-Jul-2021
Call Val. Date 4:
14-Jan-2022
Call Val. Date 5:
18-Jul-2022
Call Val. Date 6:
13-Jan-2023
Call Val. Date 7:
17-Jul-2023
Call Val. Date 8:
16-Jan-2024
Call Val. Date 9:
16-Jul-2024
Call Val. Date 10:
15-Jan-2025
Call Val. Date 11:
16-Jul-2025
Call Val. Date 12:
15-Jan-2026
Call Val. Date 13:
16-Jul-2026
Final Valuation Date:
15-Jan-2027

Price and Historical Values

Last Updated Date:
23-Jul-2021
Current Price:
US$102.88
Currency:
USD

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
Bank of Montreal104.25125.1120.01%20%
Bank of Nova Scotia73.4578.526.90%20%
Canadian Imperial Bank of Commerce108.96142.8331.08%20%
Royal Bank of Canada107.31127.5418.85%20%
Toronto-Dominion Bank74.1784.0213.28%20%
Reference Portfolio Return18.03%
Call Threshold5.00%
Called on Jul 23, 2021