Collared Floating Rate Deposit Notes, due on July 23, 2018 (USD)

Current price: US$99.78
As of 20-Jul-2018

General Information

Issuer:
NBC
FundSERV Code:
NBC3423
ISM Code:
V74987

Product Description

The Notes pay quarterly Floating Coupons based on the 3-Month USD LIBOR Rate subject to a Minimum Floating Coupon of 1.73% per annum and a Maximum Floating Coupon of 2.50% per annum. 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: 1.73%
  • Maximum Floating Coupon: 2.50%
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 21st day of October, January, April and July starting October 21, 2015 up to July 23, 2018. 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:
21-Jul-2015
Maturity date:
23-Jul-2018
Note term:
3.0 years
Valuation Date:
23-Jul-2018

Price and Historical Values

Last Updated Date:
20-Jul-2018
Current Price:
US$99.78
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.

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