Horizons BetaPro Optimizer Deposit Notes S1

Current price: $100.00
As of 02-Apr-2014

General Information

Issuer:
NBC
FundSERV Code:
NBC1353
ISM Code:
V76556

Product Description

The BetaPro Optimizer Deposit Notes, Series 1 are 5-year principal protected notes linked to the performance of ten Horizons BetaPro exchange-traded funds (the “HBP ETFs”) diversified by asset class and geographic exposure. Every six months, the best performing HBP ETF’s return measured from the Issuance Date is locked-in (subject to cap) to determine the Variable Return. Once its return is locked-in, that HBP ETF will no longer be taken into account for the purpose of calculating the Variable Return.

Highlights

  • The Deposit Notes provide investors with exposure to a global portfolio diversified by geography and asset class.
  • No direct foreign currency exposure.
  • The Deposit Notes are 100% principal protected by the National Bank of Canada at maturity.
  • Allows the investor to lock-in the best performing HBP ETF (from issuance and subject to a maximum return of 7.00%) every 6 months.
  • The maximum Maturity Redemption Amount is equal to $170 representing a maximum internal rate of return of 11.2% per annum over five years on the Initial Deposit Amount.
  • Once a HBP ETF return is locked-in, that HBP ETF will no longer be taken into account for the purpose of calculating the Variable Return.
  • Access to ten exchange-traded funds, which provide daily investment results.
  • A daily secondary market will be available from issuance under normal market conditions and subject to early trading charges.
  • 5-year term.

Dates

Issue Date:
02-Apr-2009
Maturity date:
02-Apr-2014
Note term:
5.0 years
Valuation Date:
02-Apr-2014

Price and Historical Values

Last Updated Date:
02-Apr-2014
Current Price:
$100.00
Current ETC:
$0.00
Price Net of ETC:
$100.00
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.

Note

On August 18, 2010, the Horizons BetaPro S&P Agribusiness North AmericaTM Bull Plus ETF (formerly known as the Horizons BetaPro DJ-AIGSM Agricultural Grains Bull Plus ETF) was substituted for the PowerShares DB Agriculture Double Long Exchange Traded Notes due on April 1, 2038 in the basket of the Notes. The Initial Value of the PowerShares DB Agriculture Double Long Exchange Traded Notes was set at $8.77.

Legal Notice

Portfolio

Lock-In DateIndexReturnLocked at
02-Oct-09HORIZONS BETA S&P CAP FIN BU91.49%7.00%
02-Apr-10HORIZONS BETAPRO MSCI EM BUL130.17%7.00%
04-Oct-10HORIZONS BETA COMEX GOLD BUL83.85%7.00%
02-Apr-11HORIZONS BETA S&P GL BAS BUL160.62%7.00%
02-Oct-11HORIZONS BETA S&P 500 BULL+52.56%7.00%
02-Apr-12HORIZONS BETAPRO S&P/BULL-A64.82%7.00%
02-Oct-12POWERSHARES DB AGRI DOUB LNG47.21%7.00%
02-Apr-13HORIZONS BETA NYMEX CRUDE BU-32.61%-32.61%
02-Oct-13HORIZONS BETA S&P/TSX GL BUL-84.21%-84.21%
02-Apr-14HORIZONS BETA NYMEX NAT BULL-98.77%-98.77%
Intrinsic Value*100.00