NBC Auto Callable Contingent ROC Note Securities (Maturity-Monitored Barrier) linked to a portfolio of North American Timber companies, Class F, due on December 30, 2022

Current price: $106.04
As of 30-Dec-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC21005
ISM Code:
V45857
Ticker Symbol:
BCC, IFP, LPX, UFPI, WFT, WY

Highlights

  • 3-year term.
  • Linked to North American Timber.
  • Potential ROC Payments: provided that the Reference Portfolio Return is equal to or higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment on each ROC Payment date.
  • ROC Payment Threshold: -25%
  • Call Threshold: 25%.
  • Potential ROC Payment: $8.85 p.a. paid semi-annually.
  • Participation Factor: 5%
  • Maturity Barrier: -25%.
  • 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:
30-Dec-2019
Maturity date:
30-Dec-2022
Note term:
3.0 years
Call Val. Date 1:
22-Jun-2020
Call Val. Date 2:
21-Dec-2020
Call Val. Date 3:
22-Jun-2021
Call Val. Date 4:
21-Dec-2021
Call Val. Date 5:
22-Jun-2022
Final Valuation Date:
21-Dec-2022

Price and Historical Values

Last Updated Date:
30-Dec-2020
Current Price:
$106.04
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
Boise Cascade Co37.2248.5930.55%17%
Interfor14.9823.5357.08%17%
Louisiana-Pacific Corporation28.7238.2133.04%17%
Universal Forest Products, Inc.48.3655.5114.78%17%
West Fraser Timber Co. Ltd.57.1683.2845.70%17%
Weyerhauser Co29.6633.3312.37%17%
Reference Portfolio Return32.24%
Call Threshold25.00%
Called on December 30, 2020