Extendible Step-Up Deposit Notes, Series 18

Current price: $100.00
As of 02-Jun-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC2758
ISM Code:
V73904

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

  • Coupons: Coupons will be paid semi-annually in arrears on the 2nd day of December and June. The first Coupon Payment Date will be December 2, 2016.
  • Initial Maturity Date: June 2, 2021.
  • Extended Maturity Dates: Each June 2 beginning on June 2, 2022 up to, and including June 2, 2024.
  • Final Maturity Date:  June, 3 2024.
  • Extension Feature: The Issuer may, at its option, on the Initial Maturity Date or on an Extended Maturity Date, extend the Maturity Date of the Notes to the next subsequent Extended Maturity Date or to the Final Maturity Date if applicable, at the interest rate set out below in respect of the relevant Extension Period (as defined below), but in no event beyond the Final Maturity Date (the “Extension Feature”).
  • Secondary Market: National Bank Financial Inc., as market maker, 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:
02-Jun-2016
Maturity date:
03-Jun-2024
Note term:
8.0 years
Valuation Date:
29-May-2024
Call Val. Date 1:
18-May-2021
Call Val. Date 2:
18-May-2022
Call Val. Date 3:
18-May-2023
Call Val. Date 4:
17-May-2024
Initial Maturity Date:
02-Jun-2021

Price and Historical Values

Last Updated Date:
02-Jun-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
93.8470.89194.739
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
12-02-16$1.130
06-02-17$1.130
12-04-17$1.130
06-04-18$1.130
12-03-18$1.130
06-03-19$1.130
12-02-19$1.130
06-02-20$1.130
12-02-20$1.130
06-02-21$1.130
Fixed Coupon Payment Dates (Extension Period) Coupon
12-02-21$1.255
06-02-22$1.255
12-02-22$1.380
06-02-23$1.380
12-04-23$1.505
06-03-24$1.505