NBC Canadian Blue Chip III Deposit Notes, Series 87

Current price: N/A
As of

General Information

Series:
S87
Issuer:
NBC
FundSERV Code:
NBC2174
ISM Code:
V74873

Dates

Issue Date:
27-Jul-2017
Maturity date:
27-Jan-2026
Note term:
8.5 years
Valuation Date:
20-Jan-2026

Product Description

The Deposit Notes provide a return at the 8.5-year term maturity that is linked to the price performance of a Reference Portfolio composed of the common shares of 15 Canadian companies. The Deposit Notes are callable for redemption four years and six months after the Issuance Date at $133.32 per Deposit Note, representing an annual compounded rate of return of approximately 7.00%. If the Bank does not exercise its right to call the Deposit Notes, the Variable Return at maturity is unlimited. If the Bank, at its sole discretion, exercises this option, Holders will not receive any return based on the performance of the Reference Portfolio.

Highlights

  • 8.5-year term.
  • Principal fully protected at maturity by National Bank of Canada. 
  • Bank early redemption day: On or about October 27, 2021.
  • The return at maturity, if any, is linked to the price performance of a Reference Portfolio composed of the common shares of 15 Canadian companies. 
  • The Reference Share Return is a price return, and will not take into account dividends and/or distributions paid in respect of the Reference Shares.
  • May be called for redemption by National Bank of Canada four years after the Issuance Date at $133.32 per Deposit Note representing an annual compounded rate of return of approximately 7.00% on the Bank Early Redemption Day.
  • A daily secondary market is maintained subject to availability and to early trading charges within the first 360 days including and following the Issuance Date, up to $4.80 per Deposit Note. A Holder who sells Deposit Notes prior to maturity may receive less than the Initial Deposit Amount per Deposit Note.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA).
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