Fixed To Capped Floating Rate Deposit Notes, due on April 24th, 2020

Current price: $99.99
As of 14-Nov-2019

General Information

Issuer:
NBC
ISM Code:
V79083

Dates

Issue Date:
24-Apr-2015
Maturity date:
24-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 0.45% (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 24th day of each month starting May 24th, 2015 up to May 24th, 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 24th day of each month starting May 24th, 2016 up to April 24th, 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:
14-Nov-2019
Current Price:
$99.99

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.
99.9860.165100.150
Fixed Coupon Payment Dates CouponMonthly Reference Rate
25-May-150.15830
25-Jun-150.15830
24-Jul-150.15830
24-Aug-150.15830
24-Sep-150.15830
26-Oct-150.15830
24-Nov-150.15830
24-Dec-150.15830
25-Jan-160.15830
24-Feb-160.15830
24-Mar-160.15830
25-Apr-160.15830
Variable Coupon Payment Dates CouponMonthly Reference Rate
24-May-160.109490.928
27-Jun-160.126030.903
25-Jul-160.100950.866
24-Aug-160.109560.883
26-Sep-160.120700.885
24-Oct-160.101410.872
24-Nov-160.113130.882
28-Dec-160.123330.874
24-Jan-170.101790.926
24-Feb-170.118560.946
24-Mar-170.105100.920
24-Apr-170.113300.884
24-May-170.110630.896
27-Jun-170.120910.848
24-Jul-170.098380.880
24-Aug-170.137161.165
25-Sep-170.147991.238
24-Oct-170.141031.325
24-Nov-170.149991.316
27-Dec-170.158221.300
24-Jan-180.142531.408
26-Feb-180.182181.565
26-Mar-180.154191.560
24-Apr-180.164071.615
24-May-180.171371.635
26-Jun-180.189521.646
24-Jul-180.160231.639
24-Aug-180.192791.820
24-Sep-180.193751.831
24-Oct-180.186571.820
26-Nov-180.225572.045
24-Dec-180.191782.123
24-Jan-190.212332.270
25-Feb-190.219182.154
25-Mar-190.191782.060
24-Apr-190.199111.973
24-May-190.199311.975
25-Jun-190.212821.978
24-Jul-190.191181.956
26-Aug-190.216981.950
24-Sep-190.190291.945
24-Oct-190.197471.953
25-Nov-190.210741.954
24-Dec-190.000
24-Jan-200.000
24-Feb-200.000
24-Mar-200.000
24-Apr-200.000