National Bank of Canada issues USD 2.2 million in structured securities
- National Bank of Canada will issue USD 2.2 million of worst-of memory Phoenix autocall structured securities on October 27, 2026.
- The securities mature October 27, 2031, with returns linked to the EURO STOXX 50 Index and S&P 500 Index.
- Annual conditional coupons of 9% carry a memory feature; both indexes must close at or above 76% of initial levels.
- Automatic early redemption applies at annual observation dates, with thresholds declining from 100% to 92% of initial index levels.
- Principal is not protected; final redemption falls below par if the worst-performing index finishes below 73% of its initial level.
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