NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, due on January 10, 2029

Current price: $91.33
As of 26-May-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC22696
ISM Code:
V458N1
Ticker Symbol:
XIU
Index Page:
Link
Educational Summary:
Link

Dates

Issue Date:
10-Jan-2022
Maturity date:
10-Jan-2029
Note term:
7.0 years
Call Valuation Date 1:
03-Oct-2022
Call Valuation Date 2:
03-Jan-2023
Call Valuation Date 3:
31-Mar-2023
Call Valuation Date 4:
30-Jun-2023
Call Valuation Date 5:
29-Sep-2023
Call Valuation Date 6:
02-Jan-2024
Call Valuation Date 7:
03-Apr-2024
Call Valuation Date 8:
03-Jul-2024
Call Valuation Date 9:
03-Oct-2024
Call Valuation Date 10:
02-Jan-2025
Call Valuation Date 11:
03-Apr-2025
Call Valuation Date 12:
03-Jul-2025
Call Valuation Date 13:
03-Oct-2025
Call Valuation Date 14:
05-Jan-2026
Call Valuation Date 15:
02-Apr-2026
Call Valuation Date 16:
03-Jul-2026
Call Valuation Date 17:
05-Oct-2026
Call Valuation Date 18:
04-Jan-2027
Call Valuation Date 19:
05-Apr-2027
Call Valuation Date 20:
05-Jul-2027
Call Valuation Date 21:
04-Oct-2027
Call Valuation Date 22:
04-Jan-2028
Call Valuation Date 23:
03-Apr-2028
Call Valuation Date 24:
30-Jun-2028
Call Valuation Date 25:
29-Sep-2028
Final Valuation Date:
03-Jan-2029

Highlights

  • 7-year term.
  • Linked to the iShares® S&P/TSX 60® ETF.
  • 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 a coupon payment on each Coupon Payment Date.
  • Coupon Payment Threshold: -30%
  • Call Threshold: 10% (starting after 9 months).
  • Potential Coupon Payment: $5.06 p.a. paid quarterly.
  • Maturity Barrier: -30%.
  • 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.

Price and Historical Values

Last Updated Date:
26-May-2022
Current Price:
$91.33
Current ETC:
$0.00
Price Net of ETC:
$91.33
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 PriceCurrent PriceReturnWeighting
iShares® S&P/TSX 60 Index ETF32.4231.28-3.52%100%
Reference Portfolio Return-3.52%
Indicative Variable Interest0.00%
Barrier22.694
Call Threshold10.00%
Call Threshold Value35.662