NBC Fixed Coupon Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, Class F, due on June 23, 2025

Current price: $100.78
As of 18-Apr-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC20291
ISM Code:
V46318
Ticker Symbol:
BMO, BNS, CM, RY, TD

Highlights

  • 5-year term.
  • Linked to Canadian banks.
  • Guaranteed Coupon Payment: $6.40 p.a. paid semi-annually.
  • Participation Factor: 0%
  • Maturity Barrier: -40%.
  • If the Reference Portfolio Return is positive on the Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1+ Variable Return]; or
  • If the Reference Portfolio Return is nil or negative but equal to or higher than the Barrier on the Valuation Date, the Maturity Redemption Payment will be equal to $100; or
  • If the Reference Portfolio Return is negative and lower than the Barrier on the 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:
23-Jun-2020
Maturity date:
23-Jun-2025
Note term:
5.0 years
Valuation Date:
16-Jun-2025

Price and Historical Values

Last Updated Date:
18-Apr-2024
Current Price:
$100.78
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 PriceCurrent PriceReturnWeighting
Bank of Montreal75.93125.3665.10%20%
Bank of Nova Scotia56.7864.1412.96%20%
Canadian Imperial Bank of Commerce47.1065.0238.05%20%
Royal Bank of Canada92.60133.5244.19%20%
Toronto-Dominion Bank61.7178.8527.78%20%
Reference Portfolio Return37.61%
Indicative Variable Interest0.00%