Capped Floating Rate Deposit Notes, due May 4, 2021

Current price: $100.00
As of 04-May-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC2756
ISM Code:
V79614
Ticker Symbol:
3-Month CDOR

Product Description

The Notes will pay quarterly Floating Coupons (as defined below) equal to the 3-Month CDOR Rate plus a spread of 1.12% subject to a maximum of 3.25%. 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: 1.12%
  • Maximum Floating Coupon: 3.25%
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 4th day of August, November, February and May starting August 4, 2016 up to May 4, 2021. 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 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:
04-May-2016
Maturity date:
04-May-2021
Note term:
5.0 years
Valuation Date:
04-May-2021

Price and Historical Values

Last Updated Date:
04-May-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.
Floating Coupon Payment Dates CouponReference Rate
04-Aug-160.516960.931
04-Nov-160.509150.900
06-Feb-170.507390.893
04-May-170.506450.957
04-Aug-170.512180.912
06-Nov-170.607961.292
05-Feb-180.637951.411
04-May-180.682131.678
07-Aug-180.721191.741
05-Nov-180.773811.950
04-Feb-190.819182.210
06-May-190.792462.175
06-Aug-190.790192.015
04-Nov-190.781051.979
04-Feb-200.779161.971
04-May-200.764691.981
04-Aug-200.448340.659
04-Nov-200.416520.533
04-Feb-210.405810.490
04-May-210.379770.438