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
5220
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC21037
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ISM Code:
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V45919
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Ticker Symbol:
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BMO, BNS, CM, RY, TD
Dates
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Issue Date:
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23-Jan-2020
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Maturity date:
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25-Jan-2027
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Note term:
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7.0 years
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Call Valuation Date 1:
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16-Jul-2020
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Call Valuation Date 2:
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15-Jan-2021
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Call Valuation Date 3:
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16-Jul-2021
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Call Valuation Date 4:
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14-Jan-2022
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Call Valuation Date 5:
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18-Jul-2022
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Call Valuation Date 6:
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13-Jan-2023
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Call Valuation Date 7:
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17-Jul-2023
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Call Valuation Date 8:
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16-Jan-2024
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Call Valuation Date 9:
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16-Jul-2024
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Call Valuation Date 10:
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15-Jan-2025
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Call Valuation Date 11:
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16-Jul-2025
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Call Valuation Date 12:
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15-Jan-2026
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Call Valuation Date 13:
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16-Jul-2026
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Final Valuation Date:
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15-Jan-2027
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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.
Price and Historical Values
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Last Updated Date:
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19-Jan-2021
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Current Price:
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US$92.78
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Currency:
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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
| Company | Initial Price | Current Price | Return | Weighting |
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| Bank of Montreal | 104.25 | 100.50 | -3.60% | 20% |
| Bank of Nova Scotia | 73.45 | 70.76 | -3.66% | 20% |
| Canadian Imperial Bank of Commerce | 108.96 | 113.48 | 4.15% | 20% |
| Royal Bank of Canada | 107.31 | 107.80 | 0.46% | 20% |
| Toronto-Dominion Bank | 74.17 | 74.98 | 1.09% | 20% |
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| | Reference Portfolio Return | -0.31% | |
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| | Indicative Variable Interest | 0.00% | |
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| | Call Threshold | 5.00% | |
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