Extendible Step-Up Deposit Notes, Series 14

Current price: $100.00
As of 26-Feb-2021

General Information

Issuer:
NBC
ISM Code:
V79547

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:
26-Feb-2016
Maturity date:
26-Feb-2026
Note term:
10.0 years
Valuation Date:
23-Feb-2026
Call Val. Date 1:
10-Feb-2017
Call Val. Date 2:
09-Feb-2018
Call Val. Date 3:
11-Feb-2019
Call Val. Date 4:
11-Feb-2020
Call Val. Date 5:
11-Feb-2021
Call Val. Date 6:
11-Feb-2022
Call Val. Date 7:
10-Feb-2023
Call Val. Date 8:
09-Feb-2024
Call Val. Date 9:
11-Feb-2025
Call Val. Date 10:
11-Feb-2026
Initial Maturity Date:
27-Feb-2017

Price and Historical Values

Last Updated Date:
26-Feb-2021
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
08-26-16$1.000
02-27-17$1.000
Fixed Coupon Payment Dates (Extension Period) Coupon
08-28-17$1.075
02-26-18$1.075
08-27-18$1.125
02-26-19$1.125
08-26-19$1.250
02-26-20$1.250
08-26-20$1.325
02-26-21$1.325
08-26-21$1.375
02-28-22$1.375
08-26-22$1.575
02-27-23$1.575
08-28-23$1.750
02-26-24$1.750
08-26-24$2.000
02-26-25$2.000
08-26-25$2.500
02-26-26$2.500
Called on February 26, 2021