Extendible Accrual Deposit Notes, Series 6

Current price: $102.67
As of 11-Dec-2019

General Information

Issuer:
NBC
ISM Code:
V86334

Dates

Issue Date:
09-Apr-2018
Maturity date:
10-Apr-2023
Note term:
5.0 years
Valuation Date:
10-Apr-2023
Call Valuation Date 1:
26-Mar-2019
Call Valuation Date 2:
26-Mar-2020
Call Valuation Date 3:
25-Mar-2021
Call Valuation Date 4:
28-Mar-2022
Call Valuation Date 5:
24-Mar-2023
Initial Maturity Date:
09-Apr-2019

Product Description

The Issuer may, at its option, extend the Notes beginning on the Initial Maturity Date and every year 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. At the Maturity Date, the noteholder is entitled to receive the Principal Amount and interest accrued and compounded annually at the Annual Compounded Rate described below (referred to as the “Redemption Amount”) as per the Redemption Schedule below. Any payment under the Notes will be in Canadian dollars.

Highlights

  • Initial Maturity Date: April 9, 2019.
  • Extended Maturity Dates: April 9, 2020, April 9, 2021 and April 9, 2022.
  • Final Maturity Date:  April 9, 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:
11-Dec-2019
Current Price:
$102.67
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
102.6710.000102.671
Initial Maturity DateInitial Redemption Amount-Montant de remboursement initial
09-00-19
Extended Maturity DatesExtended Redemption Amount
09-00-20
09-00-21
11-00-22
Final Maturity DateFinal Redemption Amount
10-00-23