NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, Class F, due on March 2, 2028

Current price: $100.44
As of 01-Sep-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC21719
ISM Code:
V452J6
Ticker Symbol:
BMO, BNS, CM, RY, TD
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to Canadian banks.
  • 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: 5% (starting after 6 months).
  • Potential Coupon Payment: $5.22 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.

Dates

Issue Date:
01-Mar-2021
Maturity date:
02-Mar-2028
Note term:
7.0 years
Call Val. Date 1:
25-Aug-2021
Call Val. Date 2:
24-Sep-2021
Call Val. Date 3:
25-Oct-2021
Call Val. Date 4:
24-Nov-2021
Call Val. Date 5:
22-Dec-2021
Call Val. Date 6:
25-Jan-2022
Call Val. Date 7:
22-Feb-2022
Call Val. Date 8:
25-Mar-2022
Call Val. Date 9:
25-Apr-2022
Call Val. Date 10:
25-May-2022
Call Val. Date 11:
23-Jun-2022
Call Val. Date 12:
25-Jul-2022
Call Val. Date 13:
25-Aug-2022
Call Val. Date 14:
26-Sep-2022
Call Val. Date 15:
25-Oct-2022
Call Val. Date 16:
24-Nov-2022
Call Val. Date 17:
21-Dec-2022
Call Val. Date 18:
25-Jan-2023
Call Val. Date 19:
22-Feb-2023
Call Val. Date 20:
27-Mar-2023
Call Val. Date 21:
24-Apr-2023
Call Val. Date 22:
25-May-2023
Call Val. Date 23:
23-Jun-2023
Call Val. Date 24:
25-Jul-2023
Call Val. Date 25:
25-Aug-2023
Call Val. Date 26:
25-Sep-2023
Call Val. Date 27:
25-Oct-2023
Call Val. Date 28:
24-Nov-2023
Call Val. Date 29:
20-Dec-2023
Call Val. Date 30:
25-Jan-2024
Call Val. Date 31:
23-Feb-2024
Call Val. Date 32:
22-Mar-2024
Call Val. Date 33:
24-Apr-2024
Call Val. Date 34:
27-May-2024
Call Val. Date 35:
21-Jun-2024
Call Val. Date 36:
25-Jul-2024
Call Val. Date 37:
26-Aug-2024
Call Val. Date 38:
24-Sep-2024
Call Val. Date 39:
25-Oct-2024
Call Val. Date 40:
25-Nov-2024
Call Val. Date 41:
20-Dec-2024
Call Val. Date 42:
27-Jan-2025
Call Val. Date 43:
24-Feb-2025
Call Val. Date 44:
25-Mar-2025
Call Val. Date 45:
24-Apr-2025
Call Val. Date 46:
26-May-2025
Call Val. Date 47:
23-Jun-2025
Call Val. Date 48:
25-Jul-2025
Call Val. Date 49:
25-Aug-2025
Call Val. Date 50:
24-Sep-2025
Call Val. Date 51:
27-Oct-2025
Call Val. Date 52:
24-Nov-2025
Call Val. Date 53:
22-Dec-2025
Call Val. Date 54:
26-Jan-2026
Call Val. Date 55:
23-Feb-2026
Call Val. Date 56:
25-Mar-2026
Call Val. Date 57:
24-Apr-2026
Call Val. Date 58:
25-May-2026
Call Val. Date 59:
23-Jun-2026
Call Val. Date 60:
27-Jul-2026
Call Val. Date 61:
25-Aug-2026
Call Val. Date 62:
24-Sep-2026
Call Val. Date 63:
26-Oct-2026
Call Val. Date 64:
24-Nov-2026
Call Val. Date 65:
22-Dec-2026
Call Val. Date 66:
25-Jan-2027
Call Val. Date 67:
22-Feb-2027
Call Val. Date 68:
24-Mar-2027
Call Val. Date 69:
26-Apr-2027
Call Val. Date 70:
25-May-2027
Call Val. Date 71:
23-Jun-2027
Call Val. Date 72:
26-Jul-2027
Call Val. Date 73:
25-Aug-2027
Call Val. Date 74:
24-Sep-2027
Call Val. Date 75:
25-Oct-2027
Call Val. Date 76:
24-Nov-2027
Call Val. Date 77:
22-Dec-2027
Call Val. Date 78:
25-Jan-2028
Final Valuation Date:
24-Feb-2028

Price and Historical Values

Last Updated Date:
01-Sep-2021
Current Price:
$100.44
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 Price
Bank of Montreal106.10
Bank of Nova Scotia75.55
Canadian Imperial Bank of Commerce59.33
Royal Bank of Canada109.74
Toronto-Dominion Bank77.77