NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, due on November 18, 2026

Current price: $118.75
As of 18-Nov-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC23475
ISM Code:
V45705
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, RY CT Equity, TD CT Equity
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to Canadian banks.
  • Fixed return applicable to the call valuation dates if the reference portfolio return is higher than the call threshold: Year 1: 9.25%, Year 2: 18.50%, Year 3: 27.75%, Year 4: 37%, Year 5: 46.25%, Year 6: 55.50%, Year 7: 64.75%
  • Variable return is applicable where the reference portfolio return is greater than the fixed return applicable to the given call valuation date or final valuation date, and 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 such fixed return.
  • Call threshold: 0%.
  • Participation factor: 5%
  • Maturity Barrier: -40%.
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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 lower than the Call Threshold and is 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:
15-Nov-2019
Maturity date:
18-Nov-2026
Note term:
7.0 years
Call Val. Date 1:
10-Nov-2020
Call Val. Date 2:
10-Nov-2021
Call Val. Date 3:
10-Nov-2022
Call Val. Date 4:
10-Nov-2023
Call Val. Date 5:
08-Nov-2024
Call Val. Date 6:
10-Nov-2025
Final Valuation Date:
10-Nov-2026

Price and Historical Values

Last Updated Date:
18-Nov-2021
Current Price:
$118.75
Current ETC:
$0.00
Price Net of ETC:
$118.75
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
Bank of Montreal101.34138.9937.15%20%
Bank of Nova Scotia76.0182.718.81%20%
Canadian Imperial Bank of Commerce57.67149.09158.55%20%
Royal Bank of Canada108.81132.3921.67%20%
Toronto-Dominion Bank76.7292.2220.20%20%
Reference Portfolio Return23.42%
Call Threshold0.00%
Called on Nov 18, 2021