NBC Auto Callable Contingent Memory Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive Canada Pipelines AR Index, due on February 11, 2028

Current price: $106.38
As of 11-Aug-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC20229
ISM Code:
V452D0
Ticker Symbol:
SOLCPLAR
Index Page:
Link
Index Guideline:
Link
Index Fact Sheet:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the Solactive Canada Pipelines AR Index.
  • Potential coupon payments: provided that the Reference Portfolio Return is equal to or higher than the Coupon Payment Threshold on the applicable Coupon Payment Valuation Date, Holders will be entitled to receive, on the relevant Coupon Payment Date, the coupon payment which shall be computed by reference to both the coupon of $12.25 (equivalent to 12.25% of the principal amount of each note security) and the coupon Variable Return
  • Memory feature: coupon payments include any previously unpaid coupon payments.
  • Coupon Payment Threshold: -30%
  • Call Threshold: 5% (starting after 18 months).
  • Potential Coupon Payment: $12.25 p.a. paid semi-annually.
  • 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 + 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:
11-Feb-2021
Maturity date:
11-Feb-2028
Note term:
7.0 years
Call Val. Date 1:
04-Aug-2022
Call Val. Date 2:
06-Feb-2023
Call Val. Date 3:
03-Aug-2023
Call Val. Date 4:
05-Feb-2024
Call Val. Date 5:
02-Aug-2024
Call Val. Date 6:
04-Feb-2025
Call Val. Date 7:
01-Aug-2025
Call Val. Date 8:
04-Feb-2026
Call Val. Date 9:
04-Aug-2026
Call Val. Date 10:
04-Feb-2027
Call Val. Date 11:
04-Aug-2027
Final Valuation Date:
04-Feb-2028

Price and Historical Values

Last Updated Date:
11-Aug-2022
Current Price:
$106.38
Current ETC:
$0.00
Price Net of ETC:
$106.38
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
Solactive Canada Pipelines AR Index1462.341828.3125.03%100%
Reference Portfolio Return25.03%
Indicative Variable Interest0.00%
Barrier877.404
Call Threshold5.00%
Called on Aug 11, 2022Call Threshold Value1535.457