Extendible Step-Up Deposit Notes, Series 33

Current price: $100.00
As of 29-Sep-2020

General Information

Issuer:
NBC
ISM Code:
V80554

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 29th day of March and September. The first Coupon Payment Date will be March 29, 2018.
  • Initial Maturity Date: September 29, 2018.
  • Extended Maturity Dates: Each September 29th beginning on September 29, 2018 up to, and including September 29, 2023.
  • Final Maturity Date: September 29, 2023.
  • 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 in the Information Statement in respect of the relevant Extension Period (as defined in the Information Statement), 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:
29-Sep-2017
Maturity date:
29-Sep-2023
Note term:
6.0 years
Valuation Date:
26-Sep-2023
Call Val. Date 1:
17-Sep-2018
Call Val. Date 2:
16-Sep-2019
Call Val. Date 3:
15-Sep-2020
Call Val. Date 4:
15-Sep-2021
Call Val. Date 5:
15-Sep-2022
Call Val. Date 6:
15-Sep-2023
Initial Maturity Date:
01-Oct-2018

Price and Historical Values

Last Updated Date:
29-Sep-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
100.0001.200101.200
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
03-29-18$1.000
10-01-18$1.000
Fixed Coupon Payment Dates (Extension Period) Coupon
03-29-19$1.075
09-30-19$1.075
03-30-20$1.200
09-29-20$1.200
03-29-21$1.375
09-29-21$1.375
03-29-22$1.700
09-29-22$1.700
03-29-23$2.000
09-29-23$2.000
Called on September 29, 2020