NBC Auto Callable Contingent ROC Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, Class F, due on February 25, 2027

Current price: $103.88
As of 25-Aug-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC21080
ISM Code:
V45997
Ticker Symbol:
XIU
Index Page:
Link

Highlights

  • 7-year term.
  • Linked to the iShares® S&P/TSX 60® ETF.
  • 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 a ROC Payment on each ROC Payment date.
  • ROC Payment Threshold: -30%
  • Call Threshold: 10%.
  • Potential ROC Payment: $5.70 p.a. paid semi-annually.
  • 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.

Dates

Issue Date:
25-Feb-2020
Maturity date:
25-Feb-2027
Note term:
7.0 years
Call Val. Date 1:
18-Aug-2020
Call Val. Date 2:
18-Feb-2021
Call Val. Date 3:
18-Aug-2021
Call Val. Date 4:
17-Feb-2022
Call Val. Date 5:
18-Aug-2022
Call Val. Date 6:
17-Feb-2023
Call Val. Date 7:
18-Aug-2023
Call Val. Date 8:
16-Feb-2024
Call Val. Date 9:
19-Aug-2024
Call Val. Date 10:
18-Feb-2025
Call Val. Date 11:
18-Aug-2025
Call Val. Date 12:
18-Feb-2026
Call Val. Date 13:
18-Aug-2026
Final Valuation Date:
18-Feb-2027

Price and Historical Values

Last Updated Date:
25-Aug-2021
Current Price:
$103.88
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
iShares® S&P/TSX 60 Index ETF25.6630.9520.62%100%
Reference Portfolio Return20.62%
Barrier17.962
Call Threshold10.00%
Called on Aug 25, 2021Call Threshold Value28.226