NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market (USD), due on June 30, 2028

Current price: N/A
As of

General Information

FundSERV Code:
NBC22107
ISM Code:
V454V2
Ticker Symbol:
SPY
Index Page:
Link

Dates

Issue Date:
30-Jun-2021
Sales Period:
09-Jun-2021 - 23-Jun-2021
Maturity date:
30-Jun-2028
Call Valuation Date 1:
20-Dec-2021
Call Valuation Date 2:
24-Jan-2022
Call Valuation Date 3:
18-Feb-2022
Call Valuation Date 4:
23-Mar-2022
Call Valuation Date 5:
25-Apr-2022
Call Valuation Date 6:
20-May-2022
Call Valuation Date 7:
22-Jun-2022
Call Valuation Date 8:
25-Jul-2022
Call Valuation Date 9:
23-Aug-2022
Call Valuation Date 10:
23-Sep-2022
Call Valuation Date 11:
24-Oct-2022
Call Valuation Date 12:
22-Nov-2022
Call Valuation Date 13:
21-Dec-2022
Call Valuation Date 14:
23-Jan-2023
Call Valuation Date 15:
21-Feb-2023
Call Valuation Date 16:
23-Mar-2023
Call Valuation Date 17:
24-Apr-2023
Call Valuation Date 18:
19-May-2023
Call Valuation Date 19:
22-Jun-2023
Call Valuation Date 20:
24-Jul-2023
Call Valuation Date 21:
23-Aug-2023
Call Valuation Date 22:
25-Sep-2023
Call Valuation Date 23:
23-Oct-2023
Call Valuation Date 24:
22-Nov-2023
Call Valuation Date 25:
20-Dec-2023
Call Valuation Date 26:
23-Jan-2024
Call Valuation Date 27:
22-Feb-2024
Call Valuation Date 28:
22-Mar-2024
Final Valuation Date:
22-Jun-2028

Highlights

  • 7-year term.
  • Linked to the SPDR® S&P 500® ETF Trust.
  • 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: -30%
  • Call Threshold: 10% (starting after 6 months).
  • Potential Coupon Payment: US$5.04 p.a. paid monthly.
  • Maturity Barrier: -30%.
  • 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 + 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 US$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 US$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 US$100 x [1 + Reference Portfolio Return].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
SPDR S&P 500 ETF Trust0.00423.61100%
Reference Portfolio Return0.00%
Barrier0
Call Threshold10.00%
Call Threshold Value0