Floating Rate Deposit Notes, Series 2

Current price: $99.02
As of 15-Aug-2019

General Information

Series:
FRN2
Issuer:
NBC
ISM Code:
V85686
Ticker Symbol:
3-Month CDOR

Dates

Issue Date:
08-Feb-2018
Maturity date:
08-Feb-2023
Note term:
5.0 years
Valuation Date:
08-Feb-2023

Product Description

The Notes will pay quarterly Floating Coupons (as defined below) equal to the 3-Month CDOR Rate plus a spread of 0.33%. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.

Highlights

  • Floating Coupons:  For each Floating Coupon: (Reference Rate + Spread) actual/ 365 (Fixed) basis set in advance (as specified in the Reference Rate’s section) and paid quarterly.
  • Spread: 0.33% per annum
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 8th day of February, May, August and November starting May 8, 2018 up to February 8, 2023. If a Floating Coupon Payment Date is not a Business Day, interest will be paid on the next Business Day, without adjustment for period end dates.
  • Reference Rate: 3-Month CDOR.
  • No Early Redemption.
  • Secondary Market: National Bank Financial Inc. 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.

Price and Historical Values

Last Updated Date:
15-Aug-2019
Current Price:
$99.02

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.
99.0200.00099.020
Floating Coupon Payment Dates CouponReference Rate
08-May-180.500631.673
08-Aug-180.517811.741
08-Nov-180.568441.944
08-Feb-190.000002.210
08-May-190.000002.169
08-Aug-190.000002.015
08-Nov-190.000001.979
10-Feb-200.000000.000
08-May-200.000000.000
10-Aug-200.000000.000
09-Nov-200.000000.000
08-Feb-210.000000.000
10-May-210.000000.000
09-Aug-210.000000.000
08-Nov-210.000000.000
08-Feb-220.000000.000
09-May-220.000000.000
08-Aug-220.000000.000
08-Nov-220.000000.000
08-Feb-230.000000.000

Documents (pdf)