NBC Extendible Linear Accrual 8% Flex GIC, series 51 (USD)

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC28909
ISM Code:
Z59NVR

Highlights

  • 15-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 3: 24%, Year 4: 32%, Year 5: 40%, Year 6: 48%, Year 7: 56%, Year 8: 64%, Year 9: 72%, Year 10: 80%, Year 11: 88%, Year 12: 96%, Year 13: 104%, Year 14: 112%, Year 15: 120%
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.

Dates

Issue Date:
03-Jul-2024
Maturity date:
04-Jul-2039
Note term:
15.0 years
Valuation Date:
27-Jun-2039
Call Val. Date 1:
16-Jun-2027
Call Val. Date 2:
15-Jun-2028
Call Val. Date 3:
14-Jun-2029
Call Val. Date 4:
14-Jun-2030
Call Val. Date 5:
16-Jun-2031
Call Val. Date 6:
16-Jun-2032
Call Val. Date 7:
15-Jun-2033
Call Val. Date 8:
16-Jun-2034
Call Val. Date 9:
15-Jun-2035
Call Val. Date 10:
16-Jun-2036
Call Val. Date 11:
19-Jun-2037
Call Val. Date 12:
21-Jun-2038
Call Val. Date 13:
20-Jun-2039

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
06-Jul-27$24.000
Extended Maturity DatesExtended Redemption Amount
05-Jul-28$32.000
03-Jul-29$40.000
03-Jul-30$48.000
03-Jul-31$56.000
06-Jul-32$64.000
05-Jul-33$72.000
05-Jul-34$80.000
03-Jul-35$88.000
03-Jul-36$96.000
03-Jul-37$104.000
05-Jul-38$112.000
04-Jul-39$120.000