NBC Fixed ROC Deposit Notes linked to a portfolio of Canadian banks, Series 1

Current price: $98.20
As of 22-Mar-2021

General Information

Issuer:
NBC
ISM Code:
V86496
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, RY CT Equity, TD CT Equity

Product Description

The NBC Fixed ROC Deposit Notes linked to a portfolio of Canadian banks, are issued by National Bank of Canada. The Principal Amount of your Deposit is fully guaranteed by the Bank, provided the Deposits are held to maturity. The Deposits aim to provide you with predetermined periodic return of capital payments (partial repayments of principal) over the term of the Deposits, and an additional return at maturity linked to the performance of an equally weighted portfolio of the common shares of 5 Canadian Banks.

Highlights

  • 5-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Linked to a portfolio of Canadian banks.
  • Participation Factor of 100%.
  • Guaranteed Annual ROC Payments: $5.00 annually.
  • Variable Return Threshold: 0.00%.
  • Variable Return: means a percentage calculated as follows: (i) 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%; or (ii) where the Reference Portfolio Return on the Valuation Date is greater than the Variable Return Threshold, the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds the Variable Return Threshold.
  • The Deposits aim to provide you with (predetermined periodic return of capital payments (partial repayments of principal) over the term of the Deposits and a return at maturity linked to the performance of a notional Reference Portfolio composed of one or more Reference Assets.
  • A daily secondary market is maintained subject to availability and to early trading charges. A Holder who sells Deposits prior to maturity may receive less than the Initial Deposit Amount per Deposit.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA).

Dates

Issue Date:
24-May-2018
Maturity date:
24-May-2023
Note term:
5.0 years
Valuation Date:
18-May-2023

Price and Historical Values

Last Updated Date:
22-Mar-2021
Current Price:
$98.20
Current ETC:
$0.00
Price Net of ETC:
$98.20
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 ValueCurrent PriceReturn
Bank of Montreal101.45112.23010.63%
Bank of Nova Scotia80.2278.610-2.01%
Canadian Imperial Bank of Commerce115.10126.72010.10%
Royal Bank of Canada99.12116.29017.32%
Toronto-Dominion Bank75.8382.1208.29%
Reference Portfolio Return8.87%
Basket Level1 088.664