Examples of ROC Payments in a sentence
ROC Payment Threshold:As set forth under the column entitled “ROC Payment Threshold” in the Potential ROC Payments table above.
Variable Return Threshold:22.00% Participation Factor:5.00% ROC Payments: Holders will be entitled to receive ROC Payments of $2.00 (equivalent to 2.00% of the Principal Amount of each Note Security) on each ROC Payment Date.
Reference PortfolioPurpose and Composition of the Reference Portfolio The payment that you will receive at maturity from your Note Securities, and, if your Note Securities provide for ROC Payments, during the term of your Note Securities, will be linked to the performance of a reference portfolio (the “Reference Portfolio”) which shall be composed of one or more Reference Assets which may consist of equity securities, exchange-traded fund securities, publicly available indices or a combination thereof.
ROC Payment Dates: As set forth under the column entitled “ROC Payment Dates” in the Potential ROC Payments table above.
Variable Return Threshold:0.00% Participation Factor: 5.00% Potential ROC Payments: ROC Payment Frequency:Provided that the Reference Portfolio Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive ROC Payments of $3.50 (equivalent to 3.50% of the Principal Amount of each Note Security) on each ROC Payment Date.
On each day thereafter, the Reference Portfolio NAV will fluctuate and be equal to the sum of the Reference Asset NAV of each Reference Asset contained in the Reference Portfolio plus an amount equal to any unpaid, due ROC Payments (for each day between their ROC Valuation Date and ROC Payment Date), all calculated in the currency of the Note Securities (the “Note Securities Currency”).
The Maturity Redemption Payment will be calculated as follows: Remaining Principal Amount + (Principal Amount x Variable Return) Remaining Principal Amount: means, on any day, the difference between the Principal Amount and the sum of the ROC Payments paid as at such day.
ROC Payment Dates July 11, 2018 $2.00 January 11, 2019 $2.00 July 11, 2019 $2.00 January 13, 2020 $2.00 Sum of ROC Payments $22.00 ROC Payment Frequency: Semi-annuallyValuation Date:January 8, 2020, subject to postponement in certain circumstances as described in the Prospectus and Prospectus Supplement.Barrier:- 25%Selling commission:$2.50 per Note Security (2.50% of the Principal Amount of each Note Security sold).Agents:National Bank Financial Inc.
Maturity Payment Amount = Remaining Deposit Amount + Variable Return= $79.75 + $30.25= $110.00Maturity Payment Amount of $110.00 per Note is in addition to the total ROC Payments of $20.25 paid over the term of the Notes.
The Deposits have certain investment characteristics that differ from those of conventional fixed income investments in that they provide you with Guaranteed Annual ROC Payments during the term of the Deposits and do not provide you with a return at maturity calculated by reference to a fixed or floating rate of interest that is determinable prior to maturity.