NBC Auto Callable Canadian Sectorial Indices (AR) Flex GIC, series 2F

Current price: $90.26
As of 02-Jul-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC28101
ISM Code:
Z05W3F
Ticker Symbol:
SOLCAB40, SOLCINAR, SOLCPLAR, SOLCTCAR

Highlights

  • 7.01-year term.
  • Linked to Solactive Banks, Insurance, Pipelinies & Teleco..
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: Year 1: 5%, Year 2: 8%, Year 3: 11%, Year 4: 14%, Year 5: 17%, Year 6: 20%, Year 7: 23%
  • Call Threshold: 0%.
  • 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%
  • If the Reference Portfolio Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Deposits will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the given Call Valuation Date + Variable Return];
  • If the Deposits are not automatically called, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Variable Return].
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.

Dates

Issue Date:
30-Mar-2022
Maturity date:
02-Apr-2029
Note term:
7.1 years
Call Val. Date 1:
23-Mar-2023
Call Val. Date 2:
22-Mar-2024
Call Val. Date 3:
24-Mar-2025
Call Val. Date 4:
23-Mar-2026
Call Val. Date 5:
22-Mar-2027
Call Val. Date 6:
23-Mar-2028
Final Valuation Date:
23-Mar-2029

Price and Historical Values

Last Updated Date:
02-Jul-2024
Current Price:
$90.26
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 ValueCurrent PriceReturn
Solactive Canada Bank 40 AR Index918.37775.87000-15.52%
Solactive Canada Insurance AR Index2987.353337.3700011.72%
Solactive Canada Pipelines AR Index1904.721757.91000-7.71%
Solactive Canada Telecommunications AR Index3067.682146.32000-30.03%
Reference Portfolio Return-10.39%
Basket Level896.145
Indicative Variable Interest0.00%