Fixed To Capped Floating Rate Deposit Notes, Series 15 (USD)

Current price: US$100.00
As of 20-Jul-2021

General Information

Issuer:
NBC
ISM Code:
V78713
Ticker Symbol:
USD LIBOR

Product Description

The Notes offer pre-determined quarterly Fixed Coupons (as defined below) of 1.90% annually for the first 2 years and quarterly Floating Coupons (as defined below) for the next 3 years equal to the 3-Month USD LIBOR plus a spread of 0.60% (the “Spread”), subject to a maximum of 3.00% annually. All payments under the Notes will be in American dollars. The Notes are principal-protected at maturity.

Highlights

  • Fixed Coupons: Annual 1.90% paid quarterly calculated based on a 360 day year consisting of twelve 30 day months.
  • Fixed Coupon Payment Dates: Fixed Coupons will be paid quarterly on the 21st day of each month of January, April, July and October starting on October 21, 2016 up to July 21, 2018.
  • Floating Coupons: For each Floating Coupon: (Reference Rate + Spread) actual/ 365 (Fixed) set in advance and paid quarterly.
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 11th day of each month of January, April, July and October starting on October 21, 2018 up to July 21, 2021.
  • Reference Rate: 3-Month CDOR plus the Spread, subject to a maximum of 3.00% annually.
  • No Early Redemption.
  • Secondary Market: National Bank Financial Inc. intends to maintain until the Maturity Date, under normal market conditions, a daily secondary market for the Notes.
  • The Notes will not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.

Dates

Issue Date:
21-Jul-2016
Maturity date:
21-Jul-2021
Note term:
5.0 years
Valuation Date:
21-Jul-2021

Price and Historical Values

Last Updated Date:
20-Jul-2021
Current Price:
US$100.00
Currency:
USD

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.

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Portfolio

Clean PriceAccrued interestDirty price.
Fixed Coupon Payment Dates CouponMonthly Reference Rate
Variable Coupon Payment Dates CouponMonthly Reference Rate