Fixed To Capped Floating Rate Deposit Notes, due on October 30, 2020

Current price: $100.01
As of 26-Oct-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC3432
ISM Code:
V79256

Dates

Issue Date:
30-Oct-2015
Maturity date:
30-Oct-2020
Note term:
5.0 years
Valuation Date:
30-Oct-2020

Product Description

The Notes offer pre-determined quarterly Fixed Coupons (as defined below) of 2.00% annually for the first 2 years and quarterly Floating Coupons (as defined below) for the next 3 years equal to the 3-Month CDOR plus a spread of 1.00% (the “Spread”), subject to a maximum of 2.50% annually. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.

Highlights

  • Fixed Coupons: Annual 2.00% paid quarterly calculated based on a 360 day year consisting of twelve 30 day months.
  • Fixed Coupon Payment Dates: Fixed Coupons will be paid quarterly on the 30th day of each month of January, April, July and October starting on January 30, 2016 up to October 30, 2017.
  • Floating Coupons: For each Floating Coupon: (Reference Rate + Spread) actual/ 365 (Fixed) set in advance and paid quarterly.
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 30th day of each month of January, April, July and October starting on January 30, 2018 up to October 30, 2020.
  • Reference Rate: 3-Month CDOR plus the Spread, subject to a maximum of 2.50% annually.
  • 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:
26-Oct-2020
Current Price:
$100.01
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.
100.0120.378100.390
Fixed Coupon Payment Dates CouponMonthly Reference Rate
01-Feb-160.50000
02-May-160.50000
02-Aug-160.50000
31-Oct-160.50000
30-Jan-170.50000
01-May-170.50000
31-Jul-170.50000
30-Oct-170.50000
Variable Coupon Payment Dates CouponMonthly Reference Rate
30-Jan-180.608461.414
30-Apr-180.616441.678
30-Jul-180.623291.738
30-Oct-180.630141.933
30-Jan-190.630142.190
30-Apr-190.616442.188
30-Jul-190.623292.010
30-Oct-190.630141.974
30-Jan-200.630141.975
30-Apr-200.623291.993
30-Jul-200.415730.668
30-Oct-200.386590.534