NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to Canadian utility companies, Class F, due on July 14, 2025

Current price: $113.16
As of 13-Jul-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC23670
ISM Code:
V46372
Ticker Symbol:
ACO/X, AQN, BEP-U, CPX, CU, EMA, FTS, H, NPI, RNW, SPB
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to Canadian Utilities.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: Year 1: 13%, Year 2: 26%, Year 3: 39%, Year 4: 52%, Year 5: 65%
  • Call Threshold: 0%.
  • 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.
  • 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 + 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:
08-Jul-2020
Maturity date:
14-Jul-2025
Note term:
5.0 years
Call Val. Date 1:
06-Jul-2021
Call Val. Date 2:
06-Jul-2022
Call Val. Date 3:
06-Jul-2023
Call Val. Date 4:
08-Jul-2024
Final Valuation Date:
07-Jul-2025

Price and Historical Values

Last Updated Date:
13-Jul-2021
Current Price:
$113.16

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.

Note

Brookfield Renewable Partners L.P. (TSX: BEP.UN) (‘’BEP’’) completed the special distribution of class A exchangeable subordinate voting shares of Brookfield Renewable Corporation (TSX: BEPC). As per the terms of the Note Securities, the special distribution triggers a Potential Adjustment Event in respect of the units of BEP, a Reference Asset in the Reference Portfolio of the Note Securities. As such, the Initial Value of the units of BEP was adjusted on July 29, 2020.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Fortis Inc.51.9355.396.66%30%
Emera Inc53.7056.956.05%20%
Brookfield Renewable Partners L.P.35.6147.7534.08%10%
ATCO Ltd.40.6943.657.27%5%
Algonquin Power & Utilities Corp.17.5218.797.25%5%
Capital Power Corporation27.3840.9049.38%5%
Canadian Utilities Limited33.8034.652.51%5%
Hydro One Limited26.5730.1513.47%5%
Northland Power Inc.34.9642.9522.85%5%
Transalta Renewables Inc.14.3021.2348.46%5%
Superior Plus Corporation11.0515.3038.46%5%
Reference Portfolio Return12.69%
Call Threshold0.00%
Called on Jul 13, 2021