NBC Auto Callable Contingent Income Canadian Banks (AR) Flex GIC, series 1F

Current price: $100.43
As of 26-May-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC25702
ISM Code:
Z050WW
Ticker Symbol:
SOLCAB40
Index Page:
Link
Index Guideline:
Link

Dates

Issue Date:
24-May-2022
Maturity date:
24-May-2029
Note term:
7.0 years
Call Valuation Date 1:
17-Nov-2022
Call Valuation Date 2:
19-Dec-2022
Call Valuation Date 3:
17-Jan-2023
Call Valuation Date 4:
16-Feb-2023
Call Valuation Date 5:
17-Mar-2023
Call Valuation Date 6:
17-Apr-2023
Call Valuation Date 7:
16-May-2023
Call Valuation Date 8:
19-Jun-2023
Call Valuation Date 9:
17-Jul-2023
Call Valuation Date 10:
17-Aug-2023
Call Valuation Date 11:
18-Sep-2023
Call Valuation Date 12:
17-Oct-2023
Call Valuation Date 13:
17-Nov-2023
Call Valuation Date 14:
18-Dec-2023
Call Valuation Date 15:
17-Jan-2024
Call Valuation Date 16:
16-Feb-2024
Call Valuation Date 17:
18-Mar-2024
Call Valuation Date 18:
17-Apr-2024
Call Valuation Date 19:
16-May-2024
Call Valuation Date 20:
17-Jun-2024
Call Valuation Date 21:
17-Jul-2024
Call Valuation Date 22:
19-Aug-2024
Call Valuation Date 23:
17-Sep-2024
Call Valuation Date 24:
17-Oct-2024
Call Valuation Date 25:
18-Nov-2024
Call Valuation Date 26:
17-Dec-2024
Call Valuation Date 27:
17-Jan-2025
Call Valuation Date 28:
14-Feb-2025
Final Valuation Date:
16-May-2029

Highlights

  • 7-year term.
  • Linked to the Solactive Canada Bank 40 AR Index.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • 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: -15%
  • Call Threshold: 10% (starting after 6 months).
  • Potential Coupon Payment: $5.28 p.a. paid monthly.
  • 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 + Variable Return]; or
  • If the Deposits are not automatically called and the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Variable Return]; or
  • If the Deposits are not automatically called and the Reference Portfolio Return is nil or negative on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount.
  • 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.

Price and Historical Values

Last Updated Date:
26-May-2022
Current Price:
$100.43
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 PriceCurrent PriceReturnWeighting
Solactive Canada Bank 40 AR Index836.47848.511.44%100%
Reference Portfolio Return1.44%
Indicative Variable Interest0.00%
Call Threshold10.00%
Call Threshold Value920.117