NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, due on January 12, 2022

Current price: $102.63
As of 12-Jan-2018

General Information

Issuer:
NBC
ISM Code:
V83675
Ticker Symbol:
XSP
Index Page:
Link
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to the iShares® S&P 500 Index ETF CAD Hedged.
  • Potential coupon payments: provided that the Reference Portfolio Return is equal to or higher than the Coupon Payment Threshold on the applicable Coupon Payment Valuation Date, Holders will be entitled to receive a coupon payment on each Coupon Payment Date.
  • Coupon Payment Threshold: -35%
  • Call Threshold: 10%.
  • Potential Coupon Payment: $5.25 p.a. paid semi-annually.
  • Participation Factor: 0%
  • Maturity Barrier: -35%.
  • 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 + 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].
    • 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 but 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.
  • Daily secondary market available under norm

Dates

Issue Date:
05-Jan-2017
Maturity date:
12-Jan-2022
Note term:
5.0 years
Call Val. Date 1:
05-Jul-2017
Call Val. Date 2:
05-Jan-2018
Call Val. Date 3:
05-Jul-2018
Call Val. Date 4:
07-Jan-2019
Call Val. Date 5:
05-Jul-2019
Call Val. Date 6:
06-Jan-2020
Call Val. Date 7:
06-Jul-2020
Call Val. Date 8:
05-Jan-2021
Call Val. Date 9:
06-Jul-2021
Final Valuation Date:
05-Jan-2022

Price and Historical Values

Last Updated Date:
12-Jan-2018
Current Price:
$102.63
Current ETC:
$0.00
Price Net of ETC:
$102.63
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 PriceReturnWeighting
iShares Core S&P 500 Index ETF CAD- Hedged25.8931.1320.24%100%
Reference Portfolio Return20.24%
Indicative Variable Interest0.00%
Barrier16.8285
Call Threshold10.00%
Called on January 12, 2018Call Threshold Value28.479