Extendible Step-Up Deposit Notes, Series 43

Current price: US$98.92
As of 14-Feb-2019

General Information

Issuer:
NBC
ISM Code:
V86462

Dates

Issue Date:
25-May-2018
Maturity date:
25-May-2023
Note term:
5.0 years
Call Date 1:
27-May-2019
Call Date 2:
25-May-2020
Call Date 3:
25-May-2021
Call Date 4:
25-May-2022
Call Date 5:
25-May-2023
Valuation Date:
19-May-2023
Call Valuation Date 1:
10-May-2019
Call Valuation Date 2:
08-May-2020
Call Valuation Date 3:
10-May-2021
Call Valuation Date 4:
10-May-2022
Call Valuation Date 5:
10-May-2023
Initial Maturity Date:
27-May-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 25th day of May and November. The first Coupon Payment Date will be November 25, 2018.
  • Initial Maturity Date: May 25, 2019.
  • Extended Maturity Dates: : Each May 25th beginning on May 25, 2019 up to, and including May 25, 2023.
  • Final Maturity Date: May 25, 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:
14-Feb-2019
Current Price:
US$98.92

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
98.9220.59099.513
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
11-26-18$1.250
05-27-19$1.250
Fixed Coupon Payment Dates (Extension Period) Coupon
11-25-19$1.375
05-25-20$1.375
11-25-20$1.500
05-25-21$1.500
11-25-21$1.750
05-25-22$1.750
11-25-22$2.000
05-25-23$2.000