NBC Extendible Linear Accrual 7.10% Flex GIC, series 62

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC28946
ISM Code:
Z573KG

Highlights

  • 15-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 1: 7.10%, Year 2: 14.20%, Year 3: 21.30%, Year 4: 28.40%, Year 5: 35.50%, Year 6: 42.60%, Year 7: 49.70%, Year 8: 56.80%, Year 9: 63.90%, Year 10: 71%, Year 11: 78.10%, Year 12: 85.20%, Year 13: 92.30%, Year 14: 99.40%, Year 15: 106.50%
  • 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:
31-Jul-2024
Maturity date:
01-Aug-2039
Note term:
15.1 years
Valuation Date:
25-Jul-2039
Call Val. Date 1:
17-Jul-2025
Call Val. Date 2:
17-Jul-2026
Call Val. Date 3:
19-Jul-2027
Call Val. Date 4:
17-Jul-2028
Call Val. Date 5:
17-Jul-2029
Call Val. Date 6:
17-Jul-2030
Call Val. Date 7:
17-Jul-2031
Call Val. Date 8:
19-Jul-2032
Call Val. Date 9:
18-Jul-2033
Call Val. Date 10:
17-Jul-2034
Call Val. Date 11:
17-Jul-2035
Call Val. Date 12:
17-Jul-2036
Call Val. Date 13:
17-Jul-2037
Call Val. Date 14:
19-Jul-2038
Call Val. Date 15:
18-Jul-2039

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
31-Jul-25$7.100
Extended Maturity DatesExtended Redemption Amount
31-Jul-26$14.200
03-Aug-27$21.300
31-Jul-28$28.400
31-Jul-29$35.500
31-Jul-30$42.600
31-Jul-31$49.700
03-Aug-32$56.800
02-Aug-33$63.900
31-Jul-34$71.000
31-Jul-35$78.100
31-Jul-36$85.200
31-Jul-37$92.300