NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of North American metals & mining companies, Class F, due on December 2, 2024

Current price: $104.95
As of 31-May-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC22635
ISM Code:
V457Z8
Ticker Symbol:
FCX, FM, LUN, TECK/B
Educational Summary:
Link

Highlights

  • 3.01-year term.
  • Linked to North American metals & mining companies.
  • 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: 15% (starting after 6 months).
  • Potential Coupon Payment: $9.90 p.a. paid semi-annually.
  • 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:
30-Nov-2021
Maturity date:
02-Dec-2024
Note term:
3.1 years
Call Val. Date 1:
20-May-2022
Call Val. Date 2:
22-Nov-2022
Call Val. Date 3:
19-May-2023
Call Val. Date 4:
22-Nov-2023
Call Val. Date 5:
22-May-2024
Final Valuation Date:
22-Nov-2024

Price and Historical Values

Last Updated Date:
31-May-2022
Current Price:
$104.95
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 PriceFinal PriceReturnWeighting
Freeport-McMoRan Inc38.6836.31-6.13%25%
First Quantum Minerals Ltd28.6236.3326.94%25%
Lundin Mining Corporation10.2610.653.80%25%
Teck Resources Limited - Class B34.2751.7150.91%25%
Reference Portfolio Return18.88%
Call Threshold15.00%
Called on May 31, 2022