Collared Floating Rate Deposit Notes, due on July 3, 2020 (USD)

Current price: US$100.00
As of 06-Jul-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC3419
ISM Code:
V79229

Product Description

The Notes pay quarterly Floating Coupons based on the 3-Month USD LIBOR Rate subject to a Minimum Floating Coupon of 2.00% and a Maximum Floating Coupon of 4.00%. All payments under the Notes will be in American dollars. The Notes are principal-protected at maturity.

Highlights

  • Floating Coupons:  For each Floating Coupon: Reference Rate calculated on an actual/ 365 (Fixed) basis set in advance and paid quarterly, subject to the Minimum Floating Coupon and the Maximum Floating Coupon.
  • Minimum Floating Coupon: 2.00%
  • Maximum Floating Coupon: 4.00%
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 3rd day of each three month starting October 3, 2015 up to July 3, 2020. If a Floating Coupon Payment Date is not a Business Day, interest will be paid on the next Business Day, without adjustment for period end dates.
  • Reference Rate: 3-Month USD 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.

Dates

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

Price and Historical Values

Last Updated Date:
06-Jul-2020
Current Price:
US$100.00
Currency:
USD

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.
Floating Coupon Payment Dates CouponReference Rate
06-Oct-150.511100.284
06-Jan-160.511100.327
06-Apr-160.505560.612
06-Jul-160.505560.630
06-Oct-160.511100.656
06-Jan-170.511100.864
06-Apr-170.500001.005
06-Jul-170.505561.150
06-Oct-170.511111.302
08-Jan-180.511111.347
06-Apr-180.500001.704
06-Jul-180.587612.325
09-Oct-180.597312.337
07-Jan-190.615792.410
08-Apr-190.698752.795
08-Jul-190.654352.589
07-Oct-190.588452.303
06-Jan-200.522132.043
06-Apr-200.505561.900
06-Jul-200.505561.373