NBC Auto Callable Contingent ROC Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, due on May 29, 2023
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General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC2027
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ISM Code:
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V79820
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Ticker Symbol:
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BMO, BNS, CM, RY, TD
Highlights
- 6.5-year term.
- Linked to a portfolio 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: -40.00%.
- Call Threshold: 10.00%.
- Potential ROC Payments : 2.50$ semi-annually.
- Participation Factor of 5%.
- Barrier: -40.00%.
- 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]; or
- If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative 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 negative and 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
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Issue Date:
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28-Nov-2016
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Maturity date:
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29-May-2023
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Note term:
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6.5 years
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Call Val. Date 1:
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19-May-2017
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Call Val. Date 2:
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22-Nov-2017
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Call Val. Date 3:
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22-May-2018
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Call Val. Date 4:
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22-Nov-2018
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Call Val. Date 5:
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22-May-2019
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Call Val. Date 6:
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22-Nov-2019
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Call Val. Date 7:
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22-May-2020
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Call Val. Date 8:
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23-Nov-2020
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Call Val. Date 9:
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21-May-2021
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Call Val. Date 10:
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22-Nov-2021
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Call Val. Date 11:
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20-May-2022
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Call Val. Date 12:
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22-Nov-2022
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Final Valuation Date:
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19-May-2023
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Price and Historical Values
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Last Updated Date:
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29-Nov-2017
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Current Price:
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$103.16
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Current ETC:
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$0.00
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Price Net of ETC:
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$103.16
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Currency:
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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
| Company | Initial Price | Final Price | Return | Weighting |
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| Bank of Montreal | 88.94 | 99.49 | 11.86% | 20% |
| Bank of Nova Scotia/The | 72.52 | 84.00 | 15.83% | 20% |
| Canadian Imperial Bank of Commerce | 105.57 | 114.72 | 8.67% | 20% |
| Royal Bank of Canada | 89.27 | 101.33 | 13.51% | 20% |
| Toronto-Dominion Bank/The | 63.93 | 74.51 | 16.55% | 20% |
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| | Reference Portfolio Return | 13.28% | |
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| | Indicative Variable Interest | 0.66% | |
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| | Call Threshold | 10.00% | |
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| Called on November 29, 2017 | | | | |
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