NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the common shares of Shopify Inc., due on June 16, 2025

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC22099
Ticker Symbol:
SHOP

Dates

Issue Date:
16-Jun-2021
Maturity date:
16-Jun-2025
Note term:
4.0 years
Final Valuation Date:
09-Jun-2025

Highlights

  • 4-year term.
  • Linked to the Shopify.
  • 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: -25%
  • Call Threshold: 0% (starting after 6 months).
  • Potential Coupon Payment: $10.20 p.a. paid monthly.
  • 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 $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.
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