Extendible Step-Up Deposit Notes, Series 46

Current price: $100.00
As of 18-Jul-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC28006
ISM Code:
V86640

Dates

Issue Date:
20-Jul-2018
Maturity date:
20-Jun-2029
Note term:
10.9 years
Valuation Date:
15-Jun-2029
Call Valuation Date 1:
08-Jul-2019
Call Valuation Date 2:
06-Jul-2020
Call Valuation Date 3:
06-Jul-2021
Call Valuation Date 4:
06-Jul-2022
Call Valuation Date 5:
06-Jul-2023
Call Valuation Date 6:
08-Jul-2024
Call Valuation Date 7:
07-Jul-2025
Call Valuation Date 8:
06-Jul-2026
Call Valuation Date 9:
06-Jul-2027
Call Valuation Date 10:
06-Jul-2028
Initial Maturity Date:
22-Jul-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 20th day of January and July, except for the last Coupon Payment Date. The first Coupon Payment Date will be January 20, 2019 and the last Coupon Payment Date with respect to the last Coupon for the last year, if extended, will be June 20, 2029.
  • Initial Maturity Date: July 20, 2019.
  • Extended Maturity Dates: Each July 20th beginning on July 20, 2020 up to, and including July 20, 2028, with respect to the first nine Extended Maturity Dates and June 20, 2029 with respect to the Final Maturity Date.
  • Final Maturity Date: June 20, 2029.
  • 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:
18-Jul-2019
Current Price:
$100.00
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
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
01-21-19$1.650
07-22-19$1.650
Fixed Coupon Payment Dates (Extension Period) Coupon
01-20-20$1.650
07-20-20$1.650
01-20-21$1.650
07-20-21$1.650
01-20-22$1.650
07-20-22$1.650
01-20-23$1.650
07-20-23$1.650
01-22-24$1.750
07-22-24$1.750
01-20-25$1.875
07-21-25$1.875
01-20-26$2.000
07-20-26$2.000
01-20-27$2.125
07-20-27$2.13
01-20-28$2.25
07-20-28$2.25
01-22-29$2.75
06-15-29$2.29
Called on July 22, 2019