Extendible Step-Up Deposit Notes, Series 32

Current price: $100.00
As of 04-May-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC2767
ISM Code:
V80256

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

  • 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:
04-May-2017
Maturity date:
04-May-2027
Note term:
10.0 years
Valuation Date:
29-Apr-2027
Call Val. Date 1:
20-Apr-2018
Call Val. Date 2:
22-Apr-2019
Call Val. Date 3:
20-Apr-2020
Call Val. Date 4:
20-Apr-2021
Call Val. Date 5:
20-Apr-2022
Call Val. Date 6:
20-Apr-2023
Call Val. Date 7:
22-Apr-2024
Call Val. Date 8:
21-Apr-2025
Call Val. Date 9:
20-Apr-2026
Call Val. Date 10:
20-Apr-2027
Initial Maturity Date:
04-May-2018

Price and Historical Values

Last Updated Date:
04-May-2020
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
11-06-17$1.000
05-04-18$1.000
11-05-18$1.075
05-06-19$1.075
11-04-19$1.150
05-04-20$1.150
11-04-20$1.225
05-04-21$1.225
11-04-21$1.300
05-04-22$1.300
11-04-22$1.375
05-04-23$1.375
11-06-23$1.450
05-06-24$1.450
11-04-24$1.525
05-05-25$1.525
11-04-25$1.600
05-04-26$1.600
11-04-26$1.675
05-04-27$1.675
Called on May 4, 2020

Documents (pdf)