NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Travel and Leisure companies, Class F, due on November 22, 2024
7794
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC24060
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ISM Code:
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V457P0
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Ticker Symbol:
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AAL, CCL, DAL, NCLH, RCL, UAL
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Educational Summary:
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Link
Highlights
- 3-year term.
- Linked to Travel and Leisure companies.
- Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold:
Year 1: 12%, Year 2: 24%, Year 3: 36%
- Call Threshold: Year 1: 0%, Year 2: -10%, Year 3: -20%.
- 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: -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 $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 $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 $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 $100 x [1 + Reference Portfolio Return].
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- Daily secondary market available under normal market conditions.
Dates
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Issue Date:
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22-Nov-2021
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Maturity date:
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22-Nov-2024
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Note term:
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3.0 years
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Call Val. Date 1:
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15-Nov-2022
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Call Val. Date 2:
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15-Nov-2023
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Final Valuation Date:
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15-Nov-2024
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Price and Historical Values
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Last Updated Date:
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22-Nov-2024
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Current Price:
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$137.18
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Currency:
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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
| Company | Initial Price | Final Price | Return | Weighting |
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| American Airlines Group Inc. | 19.63 | 14.39 | -26.69% | 17% |
| Carnival Corporation | 20.33 | 24.31 | 19.58% | 17% |
| Delta Air Lines, Inc. | 39.77 | 64.07 | 61.10% | 17% |
| Norwegian Cruise Line Holdings Ltd. | 23.00 | 26.42 | 14.87% | 17% |
| Royal Caribbean Cruises Ltd. | 79.27 | 231.49 | 192.03% | 17% |
| United Airlines Holdings, Inc. | 46.48 | 91.17 | 96.15% | 17% |
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| | Reference Portfolio Return | 59.51% | |
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| | Call Threshold | 0.00% | |
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| Called on Nov 22, 2024 | | | | |
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