Extendible Step-Up Deposit Notes, Series 38

Current price: $100.00
As of 11-Jan-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC28001
ISM Code:
V83003

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

  • 10-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
09-Jan-2018
Maturity date:
10-Jan-2028
Note term:
10.0 years
Valuation Date:
05-Jan-2028
Call Val. Date 1:
21-Dec-2018
Call Val. Date 2:
23-Dec-2019
Call Val. Date 3:
23-Dec-2020
Call Val. Date 4:
22-Dec-2021
Call Val. Date 5:
21-Dec-2022
Call Val. Date 6:
21-Dec-2023
Call Val. Date 7:
23-Dec-2024
Call Val. Date 8:
23-Dec-2025
Call Val. Date 9:
23-Dec-2026
Call Val. Date 10:
22-Dec-2027
Initial Maturity Date:
09-Jan-2019

Price and Historical Values

Last Updated Date:
11-Jan-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
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
07-09-18$1.150
01-09-19$1.150
Fixed Coupon Payment Dates (Extension Period) Coupon
07-09-19$1.225
01-09-20$1.225
07-09-20$1.300
01-11-21$1.300
07-09-21$1.375
01-10-22$1.375
07-11-22$1.450
01-09-23$1.450
07-10-23$1.750
01-09-24$1.750
07-09-24$2.000
01-09-25$2.000
07-09-25$2.250
01-09-26$2.250
07-09-26$2.500
01-11-27$2.500
07-09-27$3.000
01-10-28$3.000
Called on January 11, 2021