Extendible Step-Down Deposit Notes, Series 1

Current price: $100.00
As of 03-Aug-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC28007
ISM Code:
V86660

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

  • 5-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
31-Jul-2018
Maturity date:
31-Jul-2023
Note term:
5.0 years
Valuation Date:
26-Jul-2023
Call Val. Date 1:
17-Jul-2019
Call Val. Date 2:
17-Jul-2020
Call Val. Date 3:
19-Jul-2021
Call Val. Date 4:
18-Jul-2022
Call Val. Date 5:
17-Jul-2023
Initial Maturity Date:
31-Jul-2019

Price and Historical Values

Last Updated Date:
03-Aug-2020
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
01-31-19$1.755
07-31-19$1.755
Fixed Coupon Payment Dates (Extension Period) Coupon
01-31-20$1.455
07-31-20$1.455
02-01-21$1.305
08-03-21$1.305
01-31-22$1.280
08-02-22$1.280
01-31-23$1.255
07-31-23$1.255
Called on July 31, 2020