NBC Auto Callable Growth Flex GIC, series 1F

Current price: $106.43
As of 03-Oct-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC26887
ISM Code:
Z8052D
Ticker Symbol:
BMO, BNS, CM, RY, TD

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

  • 7-year term.
  • Linked to Canadian banks.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is higher than the Call Threshold: 24M: 5%
  • 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: 100%
  • If the Reference Portfolio Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Deposits will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the given Call Valuation Date + Variable Return];
  • If the Deposits are not automatically called, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Variable Return].
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.

Dates

Issue Date:
02-Oct-2020
Maturity date:
01-Oct-2027
Note term:
7.0 years
Call Val. Date 1:
26-Sep-2022
Final Valuation Date:
24-Sep-2027

Price and Historical Values

Last Updated Date:
03-Oct-2022
Current Price:
$106.43

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 ValueFinal PriceReturn
Bank of Montreal77.40122.2300057.92%
Bank of Nova Scotia56.0967.3000019.99%
Canadian Imperial Bank of Commerce49.8661.2700022.88%
Royal Bank of Canada94.27123.8900031.42%
Toronto-Dominion Bank62.5084.9400035.90%
Reference Portfolio Return33.62%
Basket Level1 336.228
Called on Oct 03, 2022