NBC Canadian banks Plus GIC, Series 1

Current price: $103.43
As of 05-May-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC3095
ISM Code:
V91750
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, RY CT Equity, TD CT Equity

Product Description

The Canadian Banks GIC offers the growth potential linked to the performance of an equally weighted portfolio of the common shares of 5 Canadian Banks all while ensuring 100% principal protection at maturity.

Highlights

  • 4.5-year term.
  • Principal invested on the Issue Date is 100% protected at maturity.
  • Participation factor: 35.00%
  • Variable Return Threshold : 2.25%
  • Reference Portfolio Return: On any day, the sum of the Weighted Reference Asset Return of each Reference Asset comprising the Reference Portfolio.
  • Variable Return: means a percentage calculated as follows: (i) where the Reference Portfolio Return on the Valuation Date is higher than the Variable Return Threshold, the Variable Return will be equal to the product of (i) the amount by which the Reference Portfolio Return exceeds the Variable Return Threshold on the Valuation Date and (ii) the Participation Factor; or
  • Where the Reference Portfolio Return on the Valuation Date is less than or equal to the Variable Return Threshold, the Variable Return will be equal to 0%.
  • Eligible for the CDIC deposit insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Dates

Issue Date:
12-Oct-2016
Maturity date:
12-Apr-2021
Note term:
4.5 years
Valuation Date:
05-Apr-2021

Price and Historical Values

Last Updated Date:
05-May-2021
Current Price:
$103.43
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 ValueFinal PriceReturn
Bank of Montreal84.28113.6234.81%
Bank of Nova Scotia69.9978.3111.89%
Canadian Imperial Bank of Commerce100.02124.3124.29%
Royal Bank of Canada82.11116.5041.88%
Toronto-Dominion Bank57.9283.4744.11%
Reference Portfolio Return31.40%
Basket Level1 313.961