Extendible Step-Up Deposit Notes, Series 42

Current price: $103.12
As of 15-Aug-2019

General Information



Issue Date:
Maturity date:
Note term:
10.0 years

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.


  • Coupons: Coupons will be paid semi-annually in arrears on the 3rd day of May and November. The first Coupon Payment Date will be November 3, 2018.
  • Initial Maturity Date: May 3rd, 2023.
  • Extended Maturity Dates: Each May 3rd beginning on May 3rd, 2023 up to, and including May 3rd, 2028.
  • Final Maturity Date: May 3rd, 2028.
  • 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:
Current Price:

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.

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