NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of metals and mining companies, due on March 5, 2027

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC21099
ISM Code:
V46036
Ticker Symbol:
AA, BHP, FCX, FM, RIO, TECK/B

Dates

Issue Date:
05-Mar-2020
Sales Period:
14-Feb-2020 - 28-Feb-2020
Maturity date:
05-Mar-2027
Note term:
7.0 years
Call Valuation Date 1:
31-Aug-2020
Call Valuation Date 2:
26-Feb-2021
Call Valuation Date 3:
30-Aug-2021
Call Valuation Date 4:
28-Feb-2022
Call Valuation Date 5:
29-Aug-2022
Call Valuation Date 6:
27-Feb-2023
Call Valuation Date 7:
28-Aug-2023
Call Valuation Date 8:
27-Feb-2024
Call Valuation Date 9:
28-Aug-2024
Call Valuation Date 10:
26-Feb-2025
Call Valuation Date 11:
28-Aug-2025
Call Valuation Date 12:
26-Feb-2026
Call Valuation Date 13:
31-Aug-2026
Final Valuation Date:
26-Feb-2027

Highlights

  • 7-year term.
  • Linked to metals and mining 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: -30%
  • Call Threshold: 5%.
  • Potential Coupon Payment: $9.00 p.a. paid semi-annually.
  • Participation Factor: 0%
  • 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
Teck Resources Limited - Class B0.0013.7417%
Alcoa Corp0.0014.5017%
BHP GROUP LTD-SPON ADR0.0046.7817%
Freeport-McMoRan Inc0.0010.7317%
First Quantum Minerals Ltd0.0010.3417%
RIO TINTO PLC-SPON ADR0.0050.4317%
Reference Portfolio Return0.00%
Call Threshold5.00%