NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, Class F, due on September 16, 2027

Current price: $100.76
As of 17-Apr-2023

General Information

FundSERV Code:
NBC25901
ISM Code:
V46B90
Ticker Symbol:
XSP
Index Page:
Link
Educational Summary:
Link

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 greater 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: 5% (starting after 6 months).
  • Potential Coupon Payment: $9.12 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.

Dates

Issue Date:
16-Sep-2022
Maturity date:
16-Sep-2027
Call Val. Date 1:
09-Mar-2023
Call Val. Date 2:
10-Apr-2023
Call Val. Date 3:
09-May-2023
Call Val. Date 4:
09-Jun-2023
Call Val. Date 5:
10-Jul-2023
Call Val. Date 6:
09-Aug-2023
Call Val. Date 7:
11-Sep-2023
Call Val. Date 8:
06-Oct-2023
Call Val. Date 9:
08-Nov-2023
Call Val. Date 10:
11-Dec-2023
Call Val. Date 11:
09-Jan-2024
Call Val. Date 12:
09-Feb-2024
Call Val. Date 13:
11-Mar-2024
Call Val. Date 14:
09-Apr-2024
Call Val. Date 15:
09-May-2024
Call Val. Date 16:
10-Jun-2024
Call Val. Date 17:
09-Jul-2024
Call Val. Date 18:
09-Aug-2024
Call Val. Date 19:
09-Sep-2024
Call Val. Date 20:
08-Oct-2024
Call Val. Date 21:
08-Nov-2024
Call Val. Date 22:
09-Dec-2024
Call Val. Date 23:
09-Jan-2025
Call Val. Date 24:
10-Feb-2025
Call Val. Date 25:
10-Mar-2025
Call Val. Date 26:
09-Apr-2025
Call Val. Date 27:
09-May-2025
Call Val. Date 28:
09-Jun-2025
Call Val. Date 29:
09-Jul-2025
Call Val. Date 30:
11-Aug-2025
Call Val. Date 31:
09-Sep-2025
Call Val. Date 32:
08-Oct-2025
Call Val. Date 33:
07-Nov-2025
Call Val. Date 34:
09-Dec-2025
Call Val. Date 35:
09-Jan-2026
Call Val. Date 36:
09-Feb-2026
Call Val. Date 37:
09-Mar-2026
Call Val. Date 38:
09-Apr-2026
Call Val. Date 39:
11-May-2026
Call Val. Date 40:
09-Jun-2026
Call Val. Date 41:
09-Jul-2026
Call Val. Date 42:
10-Aug-2026
Call Val. Date 43:
09-Sep-2026
Call Val. Date 44:
08-Oct-2026
Call Val. Date 45:
06-Nov-2026
Call Val. Date 46:
09-Dec-2026
Call Val. Date 47:
11-Jan-2027
Call Val. Date 48:
08-Feb-2027
Call Val. Date 49:
09-Mar-2027
Call Val. Date 50:
09-Apr-2027
Call Val. Date 51:
10-May-2027
Call Val. Date 52:
09-Jun-2027
Call Val. Date 53:
09-Jul-2027
Call Val. Date 54:
09-Aug-2027
Final Valuation Date:
09-Sep-2027

Price and Historical Values

Last Updated Date:
17-Apr-2023
Current Price:
$100.76
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
iShares Core S&P 500 Index ETF CAD-Hedged41.4643.565.07%100%
Reference Portfolio Return5.07%
Barrier29.022
Call Threshold5.00%
Called on Apr 17, 2023Call Threshold Value43.533