NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, due on July 6, 2027

Current price: N/A
As of

General Information

FundSERV Code:
NBC25788
ISM Code:
V46BL1
Ticker Symbol:
XSP
Index Page:
Link
Educational Summary:
Link

Dates

Issue Date:
06-Jul-2022
Maturity date:
06-Jul-2027
Call Valuation Date 1:
21-Dec-2022
Call Valuation Date 2:
30-Jan-2023
Call Valuation Date 3:
27-Feb-2023
Call Valuation Date 4:
30-Mar-2023
Call Valuation Date 5:
01-May-2023
Call Valuation Date 6:
30-May-2023
Call Valuation Date 7:
28-Jun-2023
Call Valuation Date 8:
31-Jul-2023
Call Valuation Date 9:
29-Aug-2023
Call Valuation Date 10:
28-Sep-2023
Call Valuation Date 11:
30-Oct-2023
Call Valuation Date 12:
29-Nov-2023
Call Valuation Date 13:
02-Jan-2024
Call Valuation Date 14:
30-Jan-2024
Call Valuation Date 15:
28-Feb-2024
Call Valuation Date 16:
01-Apr-2024
Call Valuation Date 17:
29-Apr-2024
Call Valuation Date 18:
30-May-2024
Call Valuation Date 19:
28-Jun-2024
Call Valuation Date 20:
29-Jul-2024
Call Valuation Date 21:
29-Aug-2024
Call Valuation Date 22:
27-Sep-2024
Call Valuation Date 23:
30-Oct-2024
Call Valuation Date 24:
29-Nov-2024
Call Valuation Date 25:
20-Dec-2024
Call Valuation Date 26:
30-Jan-2025
Call Valuation Date 27:
27-Feb-2025
Call Valuation Date 28:
31-Mar-2025
Final Valuation Date:
28-Jun-2027

Highlights

  • 5-year term.
  • Linked to the iShares® S&P 500 Index ETF CAD Hedged.
  • 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: $6.24 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 $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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
iShares Core S&P 500 Index ETF CAD-Hedged0.0040.80100%
Reference Portfolio Return0.00%
Barrier0
Call Threshold10.00%
Call Threshold Value0