NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, due on September 27, 2027

Current price: $100.44
As of 28-Sep-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC21351
ISM Code:
V46543
Ticker Symbol:
XIU

Dates

Issue Date:
25-Sep-2020
Maturity date:
27-Sep-2027
Note term:
7.0 years
Call Valuation Date 1:
18-Mar-2021
Call Valuation Date 2:
19-Apr-2021
Call Valuation Date 3:
17-May-2021
Call Valuation Date 4:
17-Jun-2021
Call Valuation Date 5:
19-Jul-2021
Call Valuation Date 6:
18-Aug-2021
Call Valuation Date 7:
20-Sep-2021
Call Valuation Date 8:
18-Oct-2021
Call Valuation Date 9:
18-Nov-2021
Call Valuation Date 10:
20-Dec-2021
Call Valuation Date 11:
18-Jan-2022
Call Valuation Date 12:
17-Feb-2022
Call Valuation Date 13:
18-Mar-2022
Call Valuation Date 14:
18-Apr-2022
Call Valuation Date 15:
17-May-2022
Call Valuation Date 16:
17-Jun-2022
Call Valuation Date 17:
18-Jul-2022
Call Valuation Date 18:
18-Aug-2022
Call Valuation Date 19:
19-Sep-2022
Call Valuation Date 20:
18-Oct-2022
Call Valuation Date 21:
18-Nov-2022
Call Valuation Date 22:
19-Dec-2022
Call Valuation Date 23:
18-Jan-2023
Call Valuation Date 24:
17-Feb-2023
Call Valuation Date 25:
20-Mar-2023
Call Valuation Date 26:
18-Apr-2023
Call Valuation Date 27:
17-May-2023
Call Valuation Date 28:
19-Jun-2023
Final Valuation Date:
20-Sep-2027

Highlights

  • 7-year term.
  • Linked to the iShares® S&P/TSX 60® ETF.
  • 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: -40%
  • Call Threshold: 10% (starting after 6 months).
  • Potential Coupon Payment: $5.76 p.a. paid monthly.
  • Maturity Barrier: -40%.
  • 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.

Price and Historical Values

Last Updated Date:
28-Sep-2020
Current Price:
$100.44
Current ETC:
$3.60
Price Net of ETC:
$96.84
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
iShares® S&P/TSX 60 Index ETF24.3524.621.11%100%
Reference Portfolio Return1.11%
Indicative Variable Interest0.00%
Barrier14.61
Call Threshold10.00%
Call Threshold Value26.785