Extendible Step-Up Deposit Notes, Series 45
3782
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC28005
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ISM Code:
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V86512
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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.
Highlights
- Coupons: Coupons will be paid semi-annually in arrears on the 1
st day of June and
December, except for the last Coupon Payment Date.
- Initial Maturity Date: June 1, 2019.
- Extended Maturity Dates: : Each June 1st beginning on June 1, 2020 up to, and including June 1, 2027, with
respect to the first four Extended Maturity Dates and July 31, 2028 with respect
to the Final Maturity Date.
- Final Maturity Date: July 31, 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.
Dates
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Issue Date:
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01-Jun-2018
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Maturity date:
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31-Jul-2028
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Note term:
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10.1 years
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Valuation Date:
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26-Jul-2028
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Call Val. Date 1:
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17-May-2019
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Call Val. Date 2:
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15-May-2020
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Call Val. Date 3:
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17-May-2021
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Call Val. Date 4:
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17-May-2022
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Call Val. Date 5:
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17-May-2023
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Call Val. Date 6:
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17-May-2024
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Call Val. Date 7:
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16-May-2025
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Call Val. Date 8:
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15-May-2026
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Call Val. Date 9:
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17-May-2027
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Initial Maturity Date:
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03-Jun-2019
Price and Historical Values
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Last Updated Date:
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03-Jun-2019
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Current Price:
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$100.00
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Currency:
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CAN
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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 Price | Accrued interest | Dirty price |
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Fixed Coupon Payment Dates (Initial Maturity Date) | Coupon | |
12-03-18 | $1.690 | |
06-03-19 | $1.690 | |
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Fixed Coupon Payment Dates (Extension Period) | Coupon | |
12-02-19 | $1.690 | |
06-01-20 | $0.000 | |
12-01-20 | $1.690 | |
06-01-21 | $1.690 | |
12-01-21 | $1.690 | |
06-01-22 | $1.690 | |
12-01-22 | $1.690 | |
06-01-23 | $1.690 | |
12-01-23 | $1.750 | |
06-03-24 | $1.750 | |
12-02-24 | $2.000 | |
06-02-25 | $2.000 | |
12-01-25 | $2.175 | |
06-01-26 | $2.175 | |
12-01-26 | $2.325 | |
06-01-27 | $2.325 | |
12-01-27 | $2.500 | |
07-31-28 | $3.330 | |
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Called on June 3, 2019 | | |
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