Extendible Step-Up Deposit Notes, Series 45

Current price: $100.00
As of 31-May-2019

General Information

Series:
45
Issuer:
NBC
FundSERV Code:
NBC28005
ISM Code:
V86512

Dates

Issue Date:
01-Jun-2018
Maturity date:
31-Jul-2028
Note term:
10.1 years
Valuation Date:
26-Jul-2028
Call Valuation Date 1:
17-May-2019
Call Valuation Date 2:
15-May-2020
Call Valuation Date 3:
17-May-2021
Call Valuation Date 4:
17-May-2022
Call Valuation Date 5:
17-May-2023
Call Valuation Date 6:
17-May-2024
Call Valuation Date 7:
16-May-2025
Call Valuation Date 8:
15-May-2026
Call Valuation Date 9:
17-May-2027
Initial Maturity Date:
03-Jun-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.

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.

Price and Historical Values

Last Updated Date:
31-May-2019
Current Price:
$100.00

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
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
12-03-18$1.690
06-03-19$1.690
Fixed Coupon Payment Dates (Extension Period) Coupon
12-02-19$1.690
06-01-20$1.690
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
Called on June 3, 2019