NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian renewable energy companies, Class F, due on August 1, 2029

Current price: $112.15
As of 01-Aug-2025

General Information

Issuer:
NBC
FundSERV Code:
NBC24751
ISM Code:
V46KZ8
Ticker Symbol:
AQN, BEP-U, BLX, INE, NPI
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to Canadian renewable energy companies.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is equal to or greater than the Call Threshold: Year 1: 12.15%, Year 2: 24.30%, Year 3: 36.45%, Year 4: 48.60%, Year 5: 60.75%
  • 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%
  • Maturity Barrier: -40%.
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • If the Note Securities 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 $100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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 lower than the Call Threshold and is 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.

Dates

Issue Date:
01-Aug-2024
Maturity date:
01-Aug-2029
Note term:
5.0 years
Call Val. Date 1:
25-Jul-2025
Call Val. Date 2:
27-Jul-2026
Call Val. Date 3:
26-Jul-2027
Call Val. Date 4:
25-Jul-2028
Final Valuation Date:
25-Jul-2029

Price and Historical Values

Last Updated Date:
01-Aug-2025
Current Price:
$112.15
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 July 21, 2025, La Caisse, formerly known as Caisse de dépôt et placement du Québec, completed its acquisition of Innergex Renewable Energy Inc. (TSX: INE) (“Innergex”). Accordingly, Innergex common shares were delisted from the Toronto Stock Exchange. This event triggered an Extraordinary Non Replacement Event in connection with the Reference Portfolio of the Note Securities, as per the terms and conditions of the Prospectus. As such, we hereby inform the Holders of the Note Securities that the common shares of Innergex have been deleted from the Reference Portfolio of the Note Securities such that the Reference Portfolio Return will be calculated on the basis of the remaining Reference Assets, where the weighting of Innergex common shares will be reallocated proportionally to the remaining Reference Assets. As such, the Closing Level on the Issuance date of the remaining Reference Assets comprising the Reference Portfolio was adjusted as of the closing of the markets on July 21, 2025.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Algonquin Power & Utilities Corp7.898.224.13%25%
Brookfield Renewable Partners LP30.6437.4722.31%25%
Boralex Inc31.4031.590.61%25%
Northland Power Inc21.2122.887.89%25%
Reference Portfolio Return8.73%
Call Threshold0.00%
Called on Aug 01, 2025