NBC Variable ROC Note Securities (Maturity-Monitored Barrier) linked to the American market, due on March 22, 2022

Current price: $106.23
As of 22-Mar-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC1180
ISM Code:
V74783
Ticker Symbol:
XSP

Highlights

  • 6.5-year term.
  • Linked to the units of the iShares® Core S&P 500 Index ETF (CAD-Hedged).
  • ROC Payment Threshold: -40%.
  • Variable Return Threshold: 26.00%.
  • Potential ROC Payments : $2.00 semi-annually.
  • Participation Factor of 5%.
  • Maturity-Monitored Barrier: -40%.
  • 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];
  • If the Reference Portfolio Return is nil or negative but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100;
  • If the Reference Portfolio Return is negative and equal to or 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.
  • A daily secondary market is subject to availability and to early trading charges.

Dates

Issue Date:
22-Sep-2015
Maturity date:
22-Mar-2022
Note term:
6.5 years
Valuation Date:
17-Mar-2022

Price and Historical Values

Last Updated Date:
22-Mar-2022
Current Price:
$106.23
Current ETC:
$0.00
Price Net of ETC:
$106.23
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 PriceFinal PriceReturn
iShares Core S&P 500 Index ETF CAD-Hedged22.5147.42110.66%
Reference Portfolio Return110.66%
Barrier13.51