NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, Class F, due on November 30, 2027

Current price: $100.80
As of 30-Nov-2023

General Information

FundSERV Code:
NBC26005
ISM Code:
V46CT1
Ticker Symbol:
XSP
Index Page:
Link
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to the iShares® S&P 500 Index ETF CAD Hedged.
  • Potential coupon payments: provided that the Reference Portfolio Return is equal to or greater 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: 5%.
  • Potential Coupon Payment: $9.54 p.a. paid monthly.
  • 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.

Dates

Issue Date:
30-Nov-2022
Maturity date:
30-Nov-2027
Call Val. Date 1:
23-May-2023
Call Val. Date 2:
23-Nov-2023
Call Val. Date 3:
23-May-2024
Call Val. Date 4:
25-Nov-2024
Call Val. Date 5:
23-May-2025
Call Val. Date 6:
24-Nov-2025
Call Val. Date 7:
25-May-2026
Call Val. Date 8:
23-Nov-2026
Call Val. Date 9:
21-May-2027
Final Valuation Date:
23-Nov-2027

Price and Historical Values

Last Updated Date:
30-Nov-2023
Current Price:
$100.80
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
iShares Core S&P 500 Index ETF CAD-Hedged43.4748.1410.74%100%
Reference Portfolio Return10.74%
Barrier30.429
Call Threshold5.00%
Called on Nov 30, 2023Call Threshold Value45.6435