NBC Auto Callable Note Securities (No Barrier) linked to Canadian Solactive AR Indices, due on September 12, 2029

Current price: $105.75
As of 13-Mar-2023

General Information

Issuer:
NBC
FundSERV Code:
NBC24330
ISM Code:
V46B71
Ticker Symbol:
SOLCAB40, SOLCINAR, SOLCPLAR

Highlights

  • 7-year term.
  • Linked to Canadian Solactive AR Indices.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is equal to or greater than the Call Threshold: 6M: 5.75% | 12M: 11.50% | 18M: 17.25% | 24M: 23% | 30M: 28.75% | 36M: 34.50% | 42M: 40.25% | 48M: 46% | 54M: 51.75% | 60M: 57.50% | 66M: 63.25% | 72M: 69% | 78M: 74.75% | 84M: 80.50%
  • 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%
  • No Barrier.
  • 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 is positive 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 nil or negative 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:
12-Sep-2022
Maturity date:
12-Sep-2029
Note term:
7.0 years
Call Val. Date 1:
06-Mar-2023
Call Val. Date 2:
05-Sep-2023
Call Val. Date 3:
05-Mar-2024
Call Val. Date 4:
05-Sep-2024
Call Val. Date 5:
05-Mar-2025
Call Val. Date 6:
05-Sep-2025
Call Val. Date 7:
05-Mar-2026
Call Val. Date 8:
04-Sep-2026
Call Val. Date 9:
05-Mar-2027
Call Val. Date 10:
03-Sep-2027
Call Val. Date 11:
06-Mar-2028
Call Val. Date 12:
05-Sep-2028
Call Val. Date 13:
05-Mar-2029
Final Valuation Date:
05-Sep-2029

Price and Historical Values

Last Updated Date:
13-Mar-2023
Current Price:
$105.75
Current ETC:
$0.00
Price Net of ETC:
$105.75
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
Solactive Canada Bank 40 AR Index802.54815.161.57%33%
Solactive Canada Insurance AR Index2614.862938.5112.38%33%
Solactive Canada Pipelines AR Index1825.271719.19-5.81%33%
Reference Portfolio Return2.71%
Call Threshold0.00%
Called on Mar 13, 2023