Extendible Step-Up Deposit Notes, Series 22

Current price: $94.78
As of 19-Apr-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC2762
ISM Code:
V73911

Product Description

The Notes offer pre-determined step-up coupons (the “Coupons”). The Issuer may, at its option, extend the Notes beginning on the Initial Maturity Date and annually thereafter (each referred to as an “Extended Maturity Date”) up until the final maturity date (the “Final Maturity Date”) pursuant to the Extension Feature described below. The Notes pay semi-annual Coupons. All payments under the Notes will be in Canadian dollars.

Highlights

  • 10-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
25-Jul-2016
Maturity date:
27-Jul-2026
Note term:
10.0 years
Valuation Date:
22-Jul-2026
Call Val. Date 1:
12-Jul-2021
Call Val. Date 2:
11-Jul-2022
Call Val. Date 3:
11-Jul-2023
Call Val. Date 4:
11-Jul-2024
Call Val. Date 5:
11-Jul-2025
Call Val. Date 6:
13-Jul-2026
Initial Maturity Date:
26-Jul-2021

Price and Historical Values

Last Updated Date:
19-Apr-2024
Current Price:
$94.78
Currency:
CAN

The bid price and any related information on the date of sale may differ from the current price and information posted above. Please refer to the offering document or your investment advisor.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
94.1660.61894.784
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
01-25-17$1.190
07-25-17$1.190
01-25-18$1.190
07-25-18$1.190
01-25-19$1.190
07-25-19$1.190
01-27-20$1.190
07-27-20$1.190
01-25-21$1.190
07-26-21$1.190
Fixed Coupon Payment Dates (Extension Period) Coupon
01-25-22$1.215
07-25-22$1.215
01-25-23$1.240
07-25-23$1.240
01-25-24$1.265
07-25-24$1.265
01-27-25$1.290
07-25-25$1.290
01-26-26$1.315
07-27-26$1.315