NBC Auto Callable Contingent Income Canadian Banks (AR) Flex GIC, series 3F

Current price: N/A
As of

General Information

FundSERV Code:
NBC28270
ISM Code:
Z06GGY
Ticker Symbol:
SOLCAB40
Index Page:
Link
Index Guideline:
Link

Dates

Issue Date:
28-Sep-2022
Maturity date:
28-Sep-2029
Call Valuation Date 1:
21-Mar-2023
Call Valuation Date 2:
21-Apr-2023
Call Valuation Date 3:
19-May-2023
Call Valuation Date 4:
20-Jun-2023
Call Valuation Date 5:
21-Jul-2023
Call Valuation Date 6:
21-Aug-2023
Call Valuation Date 7:
21-Sep-2023
Call Valuation Date 8:
23-Oct-2023
Call Valuation Date 9:
21-Nov-2023
Call Valuation Date 10:
19-Dec-2023
Call Valuation Date 11:
22-Jan-2024
Call Valuation Date 12:
21-Feb-2024
Call Valuation Date 13:
21-Mar-2024
Call Valuation Date 14:
22-Apr-2024
Call Valuation Date 15:
21-May-2024
Call Valuation Date 16:
20-Jun-2024
Call Valuation Date 17:
22-Jul-2024
Call Valuation Date 18:
21-Aug-2024
Call Valuation Date 19:
23-Sep-2024
Call Valuation Date 20:
21-Oct-2024
Call Valuation Date 21:
21-Nov-2024
Call Valuation Date 22:
19-Dec-2024
Call Valuation Date 23:
21-Jan-2025
Call Valuation Date 24:
21-Feb-2025
Call Valuation Date 25:
21-Mar-2025
Call Valuation Date 26:
21-Apr-2025
Call Valuation Date 27:
21-May-2025
Call Valuation Date 28:
20-Jun-2025
Final Valuation Date:
21-Sep-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 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: -15%
  • Call Threshold: 5% (starting after 6 months).
  • Potential Coupon Payment: $7.02 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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Solactive Canada Bank 40 AR Index0.00772.73100%
Reference Portfolio Return0.00%
Call Threshold5.00%
Call Threshold Value0