Extendible Step-Up Deposit Notes, Series 41

Current price: US$99.11
As of 18-Apr-2019

General Information

Issuer:
NBC
ISM Code:
V86255

Dates

Issue Date:
28-Mar-2018
Maturity date:
28-Mar-2023
Note term:
5.0 years
Valuation Date:
23-Mar-2023
Call Valuation Date 1:
14-Mar-2019
Call Valuation Date 2:
16-Mar-2020
Call Valuation Date 3:
15-Mar-2021
Call Valuation Date 4:
14-Mar-2022
Call Valuation Date 5:
14-Mar-2023
Initial Maturity Date:
28-Mar-2019

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 American dollars.

Highlights

  • Coupons: Coupons will be paid semi-annually in arrears on the 28th day of March and September. The first Coupon Payment Date will be September 28, 2018.
  • Initial Maturity Date: March 28, 2019.
  • Extended Maturity Dates: Each March 28th beginning on March 28, 2019 up to, and including March 28, 2023.
  • Final Maturity Date: March 28, 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 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.

Price and Historical Values

Last Updated Date:
18-Apr-2019
Current Price:
US$99.11

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
99.1060.22099.326
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
09-28-18$1.500
03-28-19$1.500
Fixed Coupon Payment Dates (Extension Period) Coupon
09-30-19$1.525
03-30-20$1.525
09-28-20$1.550
03-29-21$1.550
09-28-21$1.575
03-28-22$1.575
09-28-22$1.600
03-28-23$1.600