NBC Variable ROC Auto Callable Note Securities (Maturity- Monitored Barrier) linked to a portfolio of Canadian banks, due on October 19, 2021

Current price: $103.88
As of 19-Oct-2016

General Information

Issuer:
NBC
FundSERV Code:
NBC1033
ISM Code:
V73884

Highlights

  • 6-year term.
  • Linked to common shares of Canadian banks.
  • Potential ROC Payments: Provided that the Reference Asset Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment on the applicable ROC Payment Date.
  • ROC Payment Threshold: -25%.
  • Call Threshold: 10.00%.
  • Potential ROC Payments : $3,375 semi-annually.
  • Participation Factor of 5%.
  • Maturity-Monitored Barrier: -25%.
  • If the Reference Portfolio Return is 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].
  • If the Note Securities are not automatically called and 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 Note Securities are not automatically called and 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.
  • National Bank Financial Inc. intends to maintain, under normal market conditions, a daily secondary market for the Note Securities.

Dates

Issue Date:
19-Oct-2015
Maturity date:
19-Oct-2021
Note term:
6.0 years
Call Val. Date 1:
12-Apr-2016
Call Val. Date 2:
12-Oct-2016
Call Val. Date 3:
11-Apr-2017
Call Val. Date 4:
12-Oct-2017
Call Val. Date 5:
12-Apr-2018
Call Val. Date 6:
12-Oct-2018
Call Val. Date 7:
12-Apr-2019
Call Val. Date 8:
11-Oct-2019
Call Val. Date 9:
13-Apr-2020
Call Val. Date 10:
09-Oct-2020
Call Val. Date 11:
12-Apr-2021
Final Valuation Date:
12-Oct-2021
Final Valuation Date:
12-Oct-2021
ROC Payment Valuation Date 1:
12-Apr-2016
ROC Payment Valuation Date 2:
12-Oct-2016
ROC Payment Valuation Date 3:
11-Apr-2017
ROC Payment Valuation Date 4:
12-Oct-2017
ROC Payment Valuation Date 5:
12-Apr-2018
ROC Payment Valuation Date 6:
12-Oct-2018
ROC Payment Valuation Date 7:
12-Apr-2019
ROC Payment Valuation Date 8:
11-Oct-2019
ROC Payment Valuation Date 9:
13-Apr-2020
ROC Payment Valuation Date 10:
09-Oct-2020
ROC Payment Valuation Date 11:
12-Apr-2021
ROC Payment Valuation Dates 12:
12-Oct-2021

Price and Historical Values

Last Updated Date:
19-Oct-2016
Current Price:
$103.88
Current ETC:
$0.00
Price Net of ETC:
$103.88
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
Bank of Montreal75.3584.2811.85%
Bank of Nova Scotia/The60.3869.9915.92%
Canadian Imperial Bank of Commerce98.93100.021.10%
Royal Bank of Canada73.5582.1111.64%
Toronto-Dominion Bank/The52.8557.929.59%
Reference Portfolio Return10.02%
Call Threshold10.00%
Called on October 19, 2016