NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, due on December 14, 2029

Current price: $100.35
As of 03-Feb-2023

General Information

FundSERV Code:
NBC26030
ISM Code:
V46CY4
Ticker Symbol:
XIU
Index Page:
Link
Educational Summary:
Link

Dates

Issue Date:
14-Dec-2022
Maturity date:
14-Dec-2029
Call Valuation Date 1:
07-Jun-2023
Call Valuation Date 2:
07-Dec-2023
Call Valuation Date 3:
07-Jun-2024
Call Valuation Date 4:
09-Dec-2024
Call Valuation Date 5:
09-Jun-2025
Call Valuation Date 6:
08-Dec-2025
Call Valuation Date 7:
08-Jun-2026
Call Valuation Date 8:
07-Dec-2026
Call Valuation Date 9:
07-Jun-2027
Call Valuation Date 10:
07-Dec-2027
Call Valuation Date 11:
07-Jun-2028
Call Valuation Date 12:
07-Dec-2028
Call Valuation Date 13:
07-Jun-2029
Final Valuation Date:
07-Dec-2029

Highlights

  • 7-year term.
  • Linked to the iShares® S&P/TSX 60® ETF.
  • 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%.
  • Potential Coupon Payment: $8.28 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.

Price and Historical Values

Last Updated Date:
03-Feb-2023
Current Price:
$100.35
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 PriceCurrent PriceReturnWeighting
iShares® S&P/TSX 60 Index ETF30.3431.764.68%100%
Reference Portfolio Return4.68%
Indicative Variable Interest0.00%
Barrier21.238
Call Threshold5.00%
Call Threshold Value31.857