Fixed To Capped Floating Rate Deposit Notes, due on April 6th, 2020

Current price: $100.00
As of 23-Jan-2020

General Information

Issuer:
NBC
ISM Code:
V79041

Dates

Issue Date:
06-Apr-2015
Maturity date:
06-Apr-2020
Note term:
5.0 years

Product Description

The Notes offer pre-determined monthly pay 1.90% Fixed Coupons (as defined below) for the first year and monthly pay Floating Coupons (as defined below) for the next 4 years equal to the 1-Month CDOR plus a spread of 0.50% (the “Spread”), subject to a Maximum Floating Coupon of 2.50%. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.

Highlights

  • Fixed Coupons: Annual 1.90% paid monthly calculated based on a 360 day year consisting of twelve 30 day months.
  • Fixed Coupon Payment Dates: Fixed Coupons will be paid monthly on the 6th day of each month starting May 6th, 2015 up to April 6th, 2016. If a Fixed Coupon Payment Date is not a Business Day, interest will be paid on the next Business Day, without adjustment for period end dates.
  • Floating Coupons: For each Floating Coupon: (Reference Rate + Spread) actual/ 365 (Fixed) set in advance and paid monthly, subject to the Maximum Floating Coupon.
  • Floating Coupon Payment Dates: Floating Coupons will be paid monthly on the 6th day of each month starting May 6h, 2016 up to April 6th, 2020. If a Floating Coupon Payment Date is not a Business Day, interest will be paid on the next Business Day, with adjustment for period end dates.
  • Maximum Floating Coupon:  2.50%
  • Reference Rate: 1-Month CDOR.
  • No Early Redemption.
  • Secondary Market: National Bank Financial Inc. intends to maintain until the Maturity Date, under normal market conditions, a daily secondary market for the Notes.
  • The Notes will not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.

Price and Historical Values

Last Updated Date:
23-Jan-2020
Current Price:
$100.00
Currency:
CAN

The bid price and any related information on the date of sale may differ from the current price and information posted above. Please refer to the offering document or your investment advisor.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price.
100.0000.144100.144
Fixed Coupon Payment Dates CouponMonthly Reference Rate
06-May-150.15830
08-Jun-150.15830
06-Jul-150.15830
06-Aug-150.15830
08-Sep-150.15830
06-Oct-150.15830
06-Nov-150.15830
07-Dec-150.15830
06-Jan-160.15830
08-Feb-160.15830
07-Mar-160.15830
06-Apr-160.15830
Variable Coupon Payment Dates CouponMonthly Reference Rate
06-May-160.115480.905
06-Jun-160.121110.926
06-Jul-160.114580.894
08-Aug-160.124500.877
06-Sep-160.110760.894
06-Oct-160.113750.884
07-Nov-160.120640.876
06-Dec-160.109170.874
06-Jan-170.117040.878
06-Feb-170.122300.940
06-Mar-170.110930.946
06-Apr-170.119070.902
08-May-170.124490.920
06-Jun-170.108530.866
06-Jul-170.110550.845
08-Aug-170.139961.048
06-Sep-170.137931.236
06-Oct-170.152711.358
06-Nov-170.153301.305
06-Dec-170.148931.312
08-Jan-180.165451.330
06-Feb-180.160691.523
06-Mar-180.158801.570
06-Apr-180.176981.584
07-May-180.180901.630
06-Jun-180.175891.640
06-Jul-180.176611.649
07-Aug-180.196601.743
06-Sep-180.190891.823
09-Oct-180.210881.833
06-Nov-180.183441.891
06-Dec-180.205482.080
07-Jan-190.219182.165
06-Feb-190.205482.308
06-Mar-190.191782.116
08-Apr-190.226032.005
06-May-190.190051.978
06-Jun-190.211371.989
08-Jul-190.216881.974
06-Aug-190.195151.956
06-Sep-190.208931.960
07-Oct-190.207661.945
06-Nov-190.201681.954
06-Dec-190.202191.960
06-Jan-200.209991.973
06-Feb-200.212332.071
06-Mar-200.000
06-Apr-200.000