Overview
Autocall Feature
- The notes will redeem automatically (Autocall Redemption Event) if the underlying performance of the basket is > or = to 100% of the Initial Level on the relevant Valuation Date
- First callable observation date: April 13, 2021, annual observation dates will follow thereafter
- In addition to the Autocall Redemption Amount, the following interest payment will be made:
- 16.00% in Year 1
- 32.00% in Year 2
- 48.00% in Year 3
- 64.00% in Year 4
- 80.00% in Year 5
Payoff at Maturity
- If the underlying performance is above 100.0%, the above autocall payment applies
- If the underlying performance is between 70.0% and 100.0%, the client receives principal
- If the underlying performance is below 70.0%, client receives the underlying performance
Summary Details
Initial Price | $100.00 |
Current Price as of 13-Apr-21 | Called $116.85 |
Current ETC | 0.00 % |
Current Price Less ETC | $116.85 |
ETC End Date | 13-Jan-21 |
Issue Date | 17-Apr-20 |
Maturity Date | 17-Apr-25 |
Term | 5 years |
Denomination | CAD |
FundSERV Code | RBC3530 |
ADP Code | R037202 |
CUSIP | |
Product Type | Non-Principal Protected |
Structure | Callable Yield |
Reference Information
Secondary Market | Fundserv |
Asset Class | Equity – Domestic |
Principal Protection | Conditional Protection |
Protection Barrier | 70 % |
Autocallable Level | 100 % |
Coupon Barrier | 100 % |
Coupon | 16.00 % |
Observation Type | European |
Memory | Yes |
Underlying
BANK OF MONTREAL (BMO) |
BANK OF NOVA SCOTIA/THE (BNS) |
CANADIAN IMPERIAL BANK OF COMMERCE (CM) |
NATIONAL BANK OF CANADA (NA) |
ROYAL BANK OF CANADA (RY) |
TORONTO-DOMINION BANK/THE (TD) |
Early Trading Charge Schedule
# of Days since Settlement: | 361 | |
Current ETC | 0.00 % |
Period | Date | ETC |
---|---|---|
1 - 45 days | 01-Jun-20 | 3.00 % |
46 - 90 days | 16-Jul-20 | 2.75 % |
91 - 135 days | 30-Aug-20 | 2.50 % |
136 - 180 days | 14-Oct-20 | 2.00 % |
181 - 225 days | 28-Nov-20 | 1.50 % |
226 - 270 days | 12-Jan-21 | 1.00 % |
Thereafter | 13-Jan-21 | 0% |
Historical Performance
Benchmarks
Historical Pricing
Day Over Day Price Change | $-0.04 | |
52 Week High | $ () | |
52 Week Low | $ () |
Performance of Underlying Markets
Portfolio | Ticker | Initial Level as of 13-Apr-20 |
Current Level as of 14-Apr-25 |
Component Weight |
Protection Barrier |
Protection Barrier Level |
Coupon Barrier |
Coupon Barrier Level |
Autocall Redemption Level |
Percentage Change |
Weighted Component Change |
---|---|---|---|---|---|---|---|---|---|---|---|
BANK OF MONTREAL | BMO | 73.44 |
128.03 |
16.67% |
70.00% |
51.41 |
100.00% |
73.44 |
73.44 |
74.33% |
12.39% |
BANK OF NOVA SCOTIA/THE | BNS | 55.69 |
65.01 |
16.67% |
70.00% |
38.98 |
100.00% |
55.69 |
55.69 |
16.74% |
2.79% |
CANADIAN IMPERIAL BANK OF COMMERCE | CM | 42.125 |
80.70 |
16.67% |
70.00% |
29.49 |
100.00% |
42.12 |
42.12 |
91.57% |
15.27% |
NATIONAL BANK OF CANADA | NA | 55.78 |
113.63 |
16.67% |
70.00% |
39.05 |
100.00% |
55.78 |
55.78 |
103.71% |
17.29% |
ROYAL BANK OF CANADA | RY | 86.11 |
159.96 |
16.67% |
70.00% |
60.28 |
100.00% |
86.11 |
86.11 |
85.76% |
14.30% |
TORONTO-DOMINION BANK/THE | TD | 58.42 |
83.19 |
16.67% |
70.00% |
40.89 |
100.00% |
58.42 |
58.42 |
42.40% |
7.07% |
Current Performance of the portfolio | 69.11% |
||||||||||
Final Payment at Maturity | $130.77 |
Corporate Actions
Effective May 16, 2022: Canadian Imperial Bank of Commerce underwent a 2 for 1 stock split.Call/Coupon Observations
Observation Date | Payment Date | Autocall Redemption Level | Payment Amount (%) |
---|---|---|---|
13-Apr-21 | 16-Apr-21 | 100% | 117.4928 |
13-Apr-22 | 19-Apr-22 | 100% | 132.4417 |
13-Apr-23 | 18-Apr-23 | 100% | 148.00 |
15-Apr-24 | 18-Apr-24 | 100% | 164.00 |
14-Apr-25 | 17-Apr-25 | 100% | 178.6587 Autocalled |
Distribution Type | Interest |
Total Distributions to Date | $0 |
Total Note Return | $116.85 |
Compound Annual Growth Rate | 17.05 % |
Documents
Disclaimer
The material on this website is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy Notes. An investment in principal at risk notes may not be suitable for all investors. Principal at risk notes are not principal protected and repayment of the principal amount invested is not guaranteed. Any return on principal at risk notes depends on the performance of the underlying assets. Investors should read the applicable Pricing Supplement for an issue of Notes carefully before investing and should discuss the suitability of an investment in the Notes with their investment advisor before making an investment decision. The offering and sale of Notes may be prohibited or restricted by laws in certain jurisdictions. Notes may only be purchased where they may be lawfully offered for sale and only through individuals qualified to sell them in such jurisdictions. Certain information contained herein was obtained from public sources and/or calculated data publicly available. Such information and any statistical data contained herein have been obtained from sources which RBC Dominion Securities Inc. (“RBC”) believes to be reliable, but neither RBC nor the Bank has independently verified the accuracy or completeness of any such information nor assumes any responsibility or liability of any nature whatsoever for the completeness, adequacy, or accuracy of such information. RBC, the Bank and its affiliates expressly disclaim any liability or responsibility to you or to any other person for any general, direct, indirect, incidental, special or consequential losses or damages (including, but not limited to, loss of profits or revenue or failure to realize expected profits or savings or the avoidance of any losses) arising out of or related to the material on this website or its use. Please refer as well to the additional Policies and Disclaimers available at: https://www.rbccm.com/en/policies-disclaimers.page.
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