NBC Extendible Linear Accrual 5.8% Flex GIC, series 196

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC29341
ISM Code:
Z56VE1

Highlights

  • 15-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 1: 5.80%, Year 2: 11.60%, Year 3: 17.40%, Year 4: 23.20%, Year 5: 29%, Year 6: 34.80%, Year 7: 40.60%, Year 8: 46.40%, Year 9: 52.20%, Year 10: 58%, Year 11: 63.80%, Year 12: 69.60%, Year 13: 75.40%, Year 14: 81.20%, Year 15: 87%
  • 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:
10-Apr-2025
Sales Period:
31-Mar-2025 - 04-Apr-2025
Maturity date:
10-Apr-2040
Note term:
15.0 years
Valuation Date:
03-Apr-2040
Call Val. Date 1:
26-Mar-2026
Call Val. Date 2:
29-Mar-2027
Call Val. Date 3:
27-Mar-2028
Call Val. Date 4:
26-Mar-2029
Call Val. Date 5:
27-Mar-2030
Call Val. Date 6:
27-Mar-2031
Call Val. Date 7:
29-Mar-2032
Call Val. Date 8:
28-Mar-2033
Call Val. Date 9:
24-Mar-2034
Call Val. Date 10:
27-Mar-2035
Call Val. Date 11:
27-Mar-2036
Call Val. Date 12:
27-Mar-2037
Call Val. Date 13:
29-Mar-2038
Call Val. Date 14:
28-Mar-2039
Call Val. Date 15:
27-Mar-2040

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
10-Apr-26$5.800
Extended Maturity DatesExtended Redemption Amount
12-Apr-27$11.600
10-Apr-28$17.400
10-Apr-29$23.200
10-Apr-30$29.000
10-Apr-31$34.800
12-Apr-32$40.600
11-Apr-33$46.400
10-Apr-34$52.200
10-Apr-35$58.000
10-Apr-36$63.800
10-Apr-37$69.600
12-Apr-38$75.400