Fixed To Capped Floating Rate Deposit Notes, Series 16

Current price: $98.76
As of 18-Apr-2019

General Information

Series:
S16
Issuer:
NBC
ISM Code:
V86133
Ticker Symbol:
3-Month CDOR

Dates

Issue Date:
09-Mar-2018
Maturity date:
09-Mar-2023
Note term:
5.0 years
Valuation Date:
09-Mar-2023

Product Description

The Notes offer pre-determined quarterly Fixed Coupons (as defined below) of 2.50% annually for the first 2 years and quarterly Floating Coupons (as defined below) for the next 3 years equal to the 3-Month CDOR Rate plus a spread of 0.60% (the “Spread”), subject to a maximum of 3.25% annually. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.

Highlights

  • Fixed Coupons: Annual 2.50% paid quarterly calculated based on a 360 day year consisting of twelve 30 day months.
  • Fixed Coupon Payment Dates: Fixed Coupons will be paid quarterly on the 9 th day of each month of March, June, September and December starting on June 9, 2018 up to March 9, 2020.
  • Floating Coupons: For each Floating Coupon: (Reference Rate + Spread) actual/ 365 (Fixed) set in advance and paid quarterly.
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 9 th day of each month of March, June, September and December starting on June 9, 2020 up to March 9, 2023.
  • Reference Rate: 3-Month CDOR plus the Spread, subject to a maximum of 3.25% annually.
  • 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:
18-Apr-2019
Current Price:
$98.76

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.
98.7630.30599.068
Fixed Coupon Payment Dates CouponMonthly Reference Rate
11-Jun-180.625
10-Sep-180.625
10-Dec-180.625
11-Mar-190.625
10-Jun-190.625
09-Sep-190.625
09-Dec-190.625
09-Mar-200.625
Variable Coupon Payment Dates CouponMonthly Reference Rate
09-Jun-200.0000.000
09-Sep-200.0000.000
09-Dec-200.0000.000
09-Mar-210.0000.000
09-Jun-210.0000.000
09-Sep-210.0000.000
09-Dec-210.0000.000
09-Mar-220.0000.000
09-Jun-220.0000.000
09-Sep-220.0000.000
09-Dec-220.0000.000
09-Mar-230.0000.000