NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian utilities sector, Class F, due on September 22, 2025

Current price: $103.78
As of 23-Sep-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC20562
ISM Code:
V86792
Ticker Symbol:
XUT CT Equity
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the units of the iShares® S&P/TSX Capped Utilities Index ETF.
  • Potential Coupon Payments: Provided that the Reference Asset Return is 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: -30.00%
  • Call Threshold: 10.00%.
  • Potential Coupon Payment: $7.55 p.a. paid semi-annually.
  • Participation factor: 0.00%.
  • Maturity Barrier: -30.00%.
  • 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].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
21-Sep-2018
Maturity date:
22-Sep-2025
Note term:
7.0 years
Call Val. Date 1:
14-Mar-2019
Call Val. Date 2:
16-Sep-2019
Call Val. Date 3:
16-Mar-2020
Call Val. Date 4:
15-Sep-2020
Call Val. Date 5:
15-Mar-2021
Call Val. Date 6:
15-Sep-2021
Call Val. Date 7:
15-Mar-2022
Call Val. Date 8:
14-Sep-2022
Call Val. Date 9:
14-Mar-2023
Call Val. Date 10:
14-Sep-2023
Call Val. Date 11:
14-Mar-2024
Call Val. Date 12:
16-Sep-2024
Call Val. Date 13:
14-Mar-2025
Final Valuation Date:
15-Sep-2025

Price and Historical Values

Last Updated Date:
23-Sep-2019
Current Price:
$103.78
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® S&P/TSX Capped Utilities Index ETF20.9825.7122.55%100%
Reference Portfolio Return22.55%
Barrier14.686
Call Threshold10.00%
Called on September 23, 2019Call Threshold Value23.078