Extendible Step-Up Deposit Notes, Series 27

Current price: $94.74
As of 02-Jul-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC2764
ISM Code:
V73956

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 23rd day of June and December. The first Coupon Payment Date will be June 23, 2017.
  • Initial Maturity Date: December 23, 2021.
  • Extended Maturity Dates: Each December 23rd beginning on December 23, 2021 up to, and including December 23, 2026.
  • Final Maturity Date: December 23, 2026.
  • 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:
23-Dec-2016
Maturity date:
23-Dec-2026
Note term:
10.0 years
Valuation Date:
18-Dec-2026
Call Val. Date 1:
09-Dec-2021
Call Val. Date 2:
09-Dec-2022
Call Val. Date 3:
11-Dec-2023
Call Val. Date 4:
09-Dec-2024
Call Val. Date 5:
09-Dec-2025
Call Val. Date 6:
09-Dec-2026
Initial Maturity Date:
23-Dec-2021

Price and Historical Values

Last Updated Date:
02-Jul-2024
Current Price:
$94.74
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
94.6600.07694.736
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
06-23-17$1.285
12-27-17$1.285
06-26-18$1.285
12-24-18$1.285
06-25-19$1.285
12-23-19$1.285
06-23-20$1.285
12-23-20$1.285
06-23-21$1.285
12-23-21$1.285
Fixed Coupon Payment Dates (Extension Period) Coupon
06-23-22$1.310
12-27-22$1.310
06-23-23$1.335
12-27-23$1.335
06-25-24$1.360
12-23-24$1.360
06-23-25$1.385
12-23-25$1.385
06-23-26$1.410
12-23-26$1.410