NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to the EURO STOXX® Banks Index, due on August 29, 2022

Non Principal Protected Note

 

Issuer

FundSERV Code

Minimum subscription

BNC

NBC2290

$1,000

  

 
 
 

Issuance date

Maturity date

Term

August 28, 2017

August 29, 2022

5 years

 

Selling period August 4 to August 21, 2017 Type Non Principal Protected Note 
Highlights

  • 5-year term.
  • Linked to the EURO STOXX® Banks Index,
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 10.00% ; Year 2: 20.00% ; Year 3: 30.00% ; Year 4: 40.00% ; Year 5: 50.00%.
  • 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: 5%.
  • Maturity-Monitored Barrier: -25%.
  • If the Reference Portfolio Return is positive 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 + the Fixed Return applicable to the given Call Valuation Date + the Variable Return].
  • 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 + the Fixed Return applicable to the Final Valuation Date + the Variable Return].
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • A daily secondary market is subject to availability and to early trading charges

 

What are Linked Notes?

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Non principal protected notes (“Note Securities”), principal protected notes (“Deposit Notes”) and market-linked guaranteed investment certificates (“Market-Linked GICs”) differ from conventional debt and fixed income investment. The repayment of the entire principal amount is not guaranteed for the Note Securities and is guaranteed at maturity for the Deposit Notes and the Market-Linked GICs. Note Securities and Deposit Notes do not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act whereas the Market-Linked GICs are eligible for CDIC coverage, subject to the maximum dollar limit of CDIC coverage and to applicable conditions. An investment in Note Securities, Deposit Notes and Market-Linked GICs is not suitable for all investors and even if suitable, potential investors should consider what part such investment should serve in an overall investment plan. Such investment involves risk factors that are described in the relevant offering documents. Potential investors should refer and read the offering documents.

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