NBC Auto Callable Canadian Equity Flex GIC, series 62

Current price: $107.33
As of 09-May-2025

General Information

Issuer:
NBC
FundSERV Code:
NBC28841
ISM Code:
Z59GRC
Ticker Symbol:
BCE, BNS, CM, ENB, GWO, MFC, PPL, T, TD, TRP

Highlights

  • 7-year term.
  • Linked to Canadian companies.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is equal to or greater than the Call Threshold: Year 1: 7%, Year 2: 14%, Year 3: 21%, Year 4: 28%, Year 5: 35%, Year 6: 42%, Year 7: 49%
  • Call Threshold: 0%.
  • Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date, and the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds such Fixed Return.
  • Participation Factor: 5%
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • if the Deposits are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • if the Deposits are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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.

Dates

Issue Date:
09-May-2024
Maturity date:
09-May-2031
Note term:
7.0 years
Call Val. Date 1:
02-May-2025
Call Val. Date 2:
04-May-2026
Call Val. Date 3:
03-May-2027
Call Val. Date 4:
02-May-2028
Call Val. Date 5:
02-May-2029
Call Val. Date 6:
02-May-2030
Final Valuation Date:
02-May-2031

Price and Historical Values

Last Updated Date:
09-May-2025
Current Price:
$107.33
Current ETC:
$0.00
Price Net of ETC:
$107.33
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.

Note

On October 1, 2024, TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) separated its Liquids Pipelines business to form South Bow Corporation (TSX, NYSE: SOBO) (“South Bow”), resulting into two independent publicly traded companies. This extraordinary event triggered an adjustment in accordance with the terms and conditions of the market-linked GICs. To reflect the impact of such transaction, the Calculation Agent made adjustments to the Reference Portfolio by splitting the weight of the common shares of TC Energy. In particular, the weight of TC Energy in the Reference Portfolio was rebalanced and SOBO was added to the Reference Portfolio. As such, the Closing Level on the Issuance Date of the common shares of TC Energy and SOBO was adjusted as of the closing of the markets on October 1, 2024.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
BCE Inc.46.2329.60-35.97%10%
Bank of Nova Scotia65.5569.616.19%10%
Canadian Imperial Bank of Commerce67.1888.0030.99%10%
Enbridge Inc.51.1464.7326.57%10%
Great-West Lifeco Inc.43.0451.8620.49%10%
Manulife Financial Corporation35.1943.5723.81%10%
Pembina Pipeline Corporation50.1253.987.70%10%
TELUS Corporation22.4120.72-7.54%10%
Toronto-Dominion Bank76.7688.3415.09%10%
TC Energy Corporation47.5570.3447.92%9%
South Bow Corporation23.2335.2351.63%1%
Reference Portfolio Return13.56%
Call Threshold0.00%
Called on May 09, 2025