NBC Extendible Linear Accrual 5.35% Flex GIC, series 83

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC29000
ISM Code:
Z578VL

Highlights

  • 10.01-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 1: 5.35%, Year 2: 10.70%, Year 3: 16.05%, Year 4: 21.40%, Year 5: 26.75%, Year 6: 32.10%, Year 7: 37.45%, Year 8: 42.80%, Year 9: 48.15%, Year 10: 53.50%
  • 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:
09-Sep-2024
Sales Period:
30-Aug-2024 - 03-Sep-2024
Maturity date:
11-Sep-2034
Note term:
10.0 years
Valuation Date:
01-Sep-2034
Call Val. Date 1:
25-Aug-2025
Call Val. Date 2:
25-Aug-2026
Call Val. Date 3:
25-Aug-2027
Call Val. Date 4:
25-Aug-2028
Call Val. Date 5:
24-Aug-2029
Call Val. Date 6:
23-Aug-2030
Call Val. Date 7:
25-Aug-2031
Call Val. Date 8:
25-Aug-2032
Call Val. Date 9:
25-Aug-2033
Call Val. Date 10:
25-Aug-2034

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
09-Sep-25$5.350
Extended Maturity DatesExtended Redemption Amount
09-Sep-26$10.700
09-Sep-27$16.050
11-Sep-28$21.400
10-Sep-29$26.750
09-Sep-30$32.100
09-Sep-31$37.450
09-Sep-32$42.800
09-Sep-33$48.150
11-Sep-34$53.500