Extendible Step-Up Deposit Notes, Series 4

Current price: $100.00
As of 10-Jul-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC3420
ISM Code:
V77531

Product Description

The Notes offer pre-determined step-up coupons (the “Coupons”). The Issuer may, at its option, extend the Notes beginning on the Initial Maturity Date and annually thereafter (each referred to as an “Extended Maturity Date”) up until the final maturity date (the “Final Maturity Date”) pursuant to the Extension Feature described below. The Notes pay semi-annual Coupons. All payments under the Notes will be in Canadian dollars.

Highlights

  • 10-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
10-Jul-2015
Maturity date:
10-Jul-2025
Note term:
10.0 years
Valuation Date:
07-Jul-2025
Call Val. Date 1:
23-Jun-2016
Call Val. Date 2:
22-Jun-2017
Call Val. Date 3:
22-Jun-2018
Call Val. Date 4:
25-Jun-2019
Call Val. Date 5:
25-Jun-2020
Call Val. Date 6:
25-Jun-2021
Call Val. Date 7:
23-Jun-2022
Call Val. Date 8:
21-Jun-2023
Call Val. Date 9:
25-Jun-2024
Call Val. Date 10:
25-Jun-2025
Initial Maturity Date:
11-Jul-2016

Price and Historical Values

Last Updated Date:
10-Jul-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
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
11-Jan-16$1.400
11-Jul-16$1.400
Fixed Coupon Payment Dates (Extension Period) Coupon
10-Jan-17$1.400
10-Jul-17$1.400
10-Jan-18$1.425
10-Jul-18$1.425
10-Jan-19$1.450
10-Jul-19$1.450
10-Jan-20$1.475
10-Jul-20$1.475
11-Jan-21$1.500
12-Jul-21$1.500
10-Jan-22$1.525
11-Jul-22$1.525
10-Jan-23$1.550
10-Jul-23$1.550
10-Jan-24$1.575
10-Jul-24$1.575
10-Jan-25$1.600
10-Jul-25$1.600
Called on July 10, 2020