Extendible Step-Up Deposit Notes, Series 5

Current price: $100.00
As of 24-Jul-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC3421
ISM Code:
V79542

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

Price and Historical Values

Last Updated Date:
24-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
25-Jan-16$1.325
25-Jul-16$1.325
Fixed Coupon Payment Dates (Extension Period) Coupon
24-Jan-17$1.325
24-Jul-17$1.325
24-Jan-18$1.350
24-Jul-18$1.350
24-Jan-19$1.375
24-Jul-19$1.375
24-Jan-20$1.400
24-Jul-20$1.400
25-Jan-21$1.425
26-Jul-21$1.425
24-Jan-22$1.450
25-Jul-22$1.450
24-Jan-23$1.475
24-Jul-23$1.475
24-Jan-24$1.500
24-Jul-24$1.500
24-Jan-25$1.525
24-Jul-25$1.525
Called on July 24, 2020