Yes, and this is still true today: NTE's limited character banner does not have a 50/50 system. When you hit S-rank pity on a limited banner, you get the featured character rather than a standard-pool miss.
For real pull planning, that means:
- your budget is easier to calculate
- you do not need to reserve resources for a common double-pity scenario
- the system is especially friendly to F2P and low-spend players
Even though this FAQ originally came from launch-livestream confirmation, the conclusion is still current and not just old launch-only information.