NBC Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive Canada Bank 40 AR Index, due on November 30, 2029
9364
General Information
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FundSERV Code:
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NBC22982
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ISM Code:
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V46CT0
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Ticker Symbol:
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SOLCAB40
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Index Page:
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Link
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Index Guideline:
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Link
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Dates
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Issue Date:
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30-Nov-2022
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Maturity date:
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30-Nov-2029
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Valuation Date:
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23-Nov-2029
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Highlights
- 7-year term.
- Linked to the Solactive Canada Bank 40 AR Index.
- 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%
- Potential Coupon Payment: $8.52 p.a. paid monthly.
- Maturity Barrier: -30%.
- If 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 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 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
| Company | Initial Price | Current Price | Return | Weighting |
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| Solactive Canada Bank 40 AR Index | 0.00 | 812.68 | | 100% |
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| | Reference Portfolio Return | 0.00% | |
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| | Barrier | 0 | |
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