The five-year income note offers a 10.50% annual coupon linked to a CAD-hedged gold miners index.

National Bank of Canada (NBC) has issued the NBC Autocallable Contingent Income Note Securities (NBC34014) in Canada . The product pays a monthly contingent coupon of 0.875%  The five-year notes offer access to the Solactive Gold Miners Hedged to CAD 3% Decrement Index. The index corresponds to the CAD-hedged version of the Solactive Gold Miners Index TR, which is designed to replicate the total return performance of the VanEck Gold Miners ETF. The product pays a monthly contingent co