NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of American companies (USD), due on January 13, 2026

Current price: US$108.65
As of 13-Jan-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC23773
ISM Code:
V451Q3
Ticker Symbol:
AAPL, CSCO, FB, GOOG, IBM, INTC, MSFT, QCOM, T, VZ
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to American companies.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: Year 1: 8%, Year 2: 16%, Year 3: 24%, Year 4: 32%, Year 5: 40%
  • Call Threshold: 0%.
  • Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date, and the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds such Fixed Return.
  • Participation Factor: 5%
  • Maturity Barrier: -25%.
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to US$100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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 lower than the Call Threshold and is 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:
13-Jan-2021
Maturity date:
13-Jan-2026
Note term:
5.0 years
Call Val. Date 1:
06-Jan-2022
Call Val. Date 2:
06-Jan-2023
Call Val. Date 3:
08-Jan-2024
Call Val. Date 4:
06-Jan-2025
Final Valuation Date:
06-Jan-2026

Price and Historical Values

Last Updated Date:
13-Jan-2022
Current Price:
US$108.65
Current ETC:
US$0.00
Price Net of ETC:
US$108.65
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.

Note

On November 3, 2021, International Business Machines Corporation (NYSE: IBM) (“IBM”) announced the completion of its separation from Kyndryl Holdings, Inc. (NYSE: KD) (“Kyndryl”). Starting on November 4, 2021, Kyndryl will be traded on the New York Stock Exchange under the symbol “KD”. IBM completed the spin-off of Kyndryl by the special distribution of one share of Kyndryl’s common stock for every 5 shares of IBM’s common stock held. This event triggered a Potential Adjustment Event as per the terms and conditions of the Note Securities in respect of the common shares of IBM, a Reference Asset in the Reference Portfolio of the Note Securities. As such, the Initial Value of the common shares of IBM was adjusted as of the closing of the markets on November 3, 2021.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Apple Inc.130.89172.0031.41%10%
Cisco Systems, Inc.45.3660.9234.30%10%
Alphabet Inc., Class C87.722751.023036.14%10%
International Business Machines Corporation121.23135.3411.64%10%
Intel Corporation56.9554.01-5.16%10%
Meta Platforms, Inc.251.64332.4632.12%10%
Microsoft216.34313.8845.09%10%
Qualcomm Inc.157.42185.9518.12%10%
AT&T Inc.21.5919.71-8.74%10%
Verizon57.0653.76-5.78%10%
Reference Portfolio Return20.98%
Call Threshold0.00%
Called on Jan 13, 2022