NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market (USD), Class F, due on June 11, 2025

Current price: US$104.65
As of 11-Jun-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC21210
ISM Code:
V46305
Ticker Symbol:
SPY
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to the SPDR® S&P 500® ETF Trust.
  • 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: 0% (starting after 12 months).
  • Potential Coupon Payment: US$9.30 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 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:
11-Jun-2020
Maturity date:
11-Jun-2025
Note term:
5.0 years
Call Val. Date 1:
04-Jun-2021
Call Val. Date 2:
06-Dec-2021
Call Val. Date 3:
06-Jun-2022
Call Val. Date 4:
05-Dec-2022
Call Val. Date 5:
05-Jun-2023
Call Val. Date 6:
04-Dec-2023
Call Val. Date 7:
04-Jun-2024
Call Val. Date 8:
04-Dec-2024
Final Valuation Date:
04-Jun-2025

Price and Historical Values

Last Updated Date:
11-Jun-2021
Current Price:
US$104.65
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
SPDR S&P 500 ETF Trust300.61422.6040.58%100%
Reference Portfolio Return40.58%
Barrier210.427
Call Threshold0.00%
Called on Jun 11, 2021Call Threshold Value300.61