NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive Canada Bank 40 AR Index, Class F, due on December 3, 2029

Current price: N/A
As of

General Information

FundSERV Code:
NBC26006
ISM Code:
V46CT4
Ticker Symbol:
SOLCAB40
Index Page:
Link
Index Guideline:
Link
Educational Summary:
Link

Dates

Issue Date:
01-Dec-2022
Maturity date:
03-Dec-2029
Call Valuation Date 1:
25-May-2023
Call Valuation Date 2:
24-Nov-2023
Call Valuation Date 3:
27-May-2024
Call Valuation Date 4:
25-Nov-2024
Call Valuation Date 5:
26-May-2025
Call Valuation Date 6:
24-Nov-2025
Call Valuation Date 7:
25-May-2026
Call Valuation Date 8:
24-Nov-2026
Call Valuation Date 9:
25-May-2027
Call Valuation Date 10:
24-Nov-2027
Call Valuation Date 11:
25-May-2028
Call Valuation Date 12:
24-Nov-2028
Call Valuation Date 13:
25-May-2029
Final Valuation Date:
26-Nov-2029

Highlights

  • 7.01-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%
  • Call Threshold: 5% (starting after 6 months).
  • Potential Coupon Payment: $12.12 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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Solactive Canada Bank 40 AR Index0.00812.68100%
Reference Portfolio Return0.00%
Barrier0
Call Threshold5.00%
Call Threshold Value0