Capped Floating Rate Deposit Notes, Series 1

Current price: $100.00
As of 29-Apr-2022

General Information

Issuer:
NBC
FundSERV Code:
NBC2754
ISM Code:
V79603
Ticker Symbol:
CDOR3M

Product Description

The Notes pay quarterly Floating Coupons based on the 3-Month CDOR Rate subject to a Minimum Floating Coupon of 1.25% per annum and a Maximum Floating Coupon of 3.25% per annum. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.

Highlights

  • 6-year term.
  • Linked to the CDOR 3M.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Spread: 1.25%
  • Maximum Coupon: 3.25%
  • Coupon Payment: 2.18% | 2.88% | 3.21% | 0% | 0% | 0%.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
29-Apr-2016
Maturity date:
29-Apr-2022
Note term:
6.0 years
Valuation Date:
26-Apr-2022

Price and Historical Values

Last Updated Date:
29-Apr-2022
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.

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Portfolio

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