NBC Extendible Linear Accrual Flex GIC 7.15%, series 55 *** Sold out ***

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC28926
ISM Code:
Z59SRQ

Highlights

  • 15-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 1: 7.15%, Year 2: 14.30%, Year 3: 21.45%, Year 4: 28.60%, Year 5: 35.75%, Year 6: 42.90%, Year 7: 50.05%, Year 8: 57.20%, Year 9: 64.35%, Year 10: 71.50%, Year 11: 78.65%, Year 12: 85.80%, Year 13: 92.95%, Year 14: 100.10%, Year 15: 107.25%
  • 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:
17-Jul-2024
Maturity date:
18-Jul-2039
Note term:
15.0 years
Valuation Date:
11-Jul-2039
Call Val. Date 1:
03-Jul-2025
Call Val. Date 2:
03-Jul-2026
Call Val. Date 3:
05-Jul-2027
Call Val. Date 4:
30-Jun-2028
Call Val. Date 5:
03-Jul-2029
Call Val. Date 6:
03-Jul-2030
Call Val. Date 7:
03-Jul-2031
Call Val. Date 8:
05-Jul-2032
Call Val. Date 9:
04-Jul-2033
Call Val. Date 10:
30-Jun-2034
Call Val. Date 11:
03-Jul-2035
Call Val. Date 12:
03-Jul-2036
Call Val. Date 13:
03-Jul-2037
Call Val. Date 14:
05-Jul-2038
Call Val. Date 15:
04-Jul-2039

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
17-Jul-25$7.150
Extended Maturity DatesExtended Redemption Amount
17-Jul-26$14.300
19-Jul-27$21.450
17-Jul-28$28.600
17-Jul-29$35.750
17-Jul-30$42.900
17-Jul-31$50.050
19-Jul-32$57.200
18-Jul-33$64.350
17-Jul-34$71.500
17-Jul-35$78.650
17-Jul-36$85.800
17-Jul-37$92.950