Collared Floating Rate Deposit Notes, due on September 4, 2019

Current price: $99.67
As of 18-Mar-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC3427
ISM Code:
V79237

Dates

Issue Date:
04-Sep-2015
Maturity date:
04-Sep-2019
Note term:
4.0 years

Product Description

The Notes pay quarterly Floating Coupons based on the 3-Month CDOR Rate subject to a Minimum Floating Coupon of 1.48% per annum and a Maximum Floating Coupon of 2.50% per annum. All payments under the Notes will be in Canadian 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: 1.48%
  • Maximum Floating Coupon: 2.50%
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 4th day of December, March, June and September starting December 4, 2015 up to September 4, 2019. 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.

Price and Historical Values

Last Updated Date:
18-Mar-2019
Current Price:
$99.67
Current ETC:
$0.00
Price Net of ETC:
$99.67
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.
99.6670.09199.758
Floating Coupon Payment Dates CouponReference Rate
04-Dec-150.369000.749
04-Mar-160.368990.840
06-Jun-160.373040.872
06-Sep-160.373040.894
05-Dec-160.368990.898
06-Mar-170.364930.897
05-Jun-170.373040.936
05-Sep-170.373040.895
04-Dec-170.368991.368
05-Mar-180.364931.434
04-Jun-180.422821.678
04-Sep-180.441731.753
04-Dec-180.493641.980
04-Mar-190.555412.253
04-Jun-190.530572.105
04-Sep-190.000000.000