Fixed To Capped Floating Rate Deposit Notes, Series 17

Current price: US$100.00
As of 21-Feb-2019

General Information

Series:
17
Issuer:
NBC
FundSERV Code:
NBC28010
Ticker Symbol:
LIBOR 3M

Dates

Issue Date:
05-Sep-2018
Maturity date:
07-Sep-2021
Note term:
3.0 years
Valuation Date:
07-Sep-2021

Product Description

The Notes offer pre-determined quarterly Fixed Coupons (as defined below) of 2.80% annually for the first year and quarterly Floating Coupons (as defined below) for the next 2 years equal to the 3-Month USD LIBOR (fixed quarterly) plus a spread of 0.45% (the “Spread”), subject to a maximum of 4.25% annually. All payments under the Notes will be in American dollars. The Notes are principal-protected at maturity.

Highlights

  • Fixed Coupons: Annual 2.80% paid quarterly calculated based on a 360 day year consisting of twelve 30 day months.
  • Fixed Coupon Payment Dates: Fixed Coupons will be paid quarterly on the 5th day of each month of March, June September and December, starting on December 5, 2018 up to September 5, 2019.
  • Floating Coupons: For each Floating Coupon: (Reference Rate) calculated based on an actual/360 (Fixed) basis set in advance and paid quarterly.
  • Floating Coupon Payment Dates: Floating Coupons will be paid quarterly on the 5th day of each month of March, June, September and December starting on December 5, 2019 up to September 5, 2021.
  • Reference Rate: 3-Month USD LIBOR calculated on the relevant date as detailed hereinafter, plus the Spread, subject to a maximum of 4.25% annually.
  • No Early Redemption.
  • Secondary Market: National Bank Financial Inc. 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:
21-Feb-2019
Current Price:
US$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.
100.0000.000100.000
Fixed Coupon Payment Dates CouponMonthly Reference Rate
05-Dec-180.700
05-Mar-190.700
05-Jun-190.700
05-Sep-190.700
Variable Coupon Payment Dates CouponMonthly Reference Rate
05-Dec-190.0000.000
05-Dec-180.0000.000
05-Dec-180.0000.000
05-Dec-190.0000.000
07-Dec-200.0000.000
05-Mar-210.0000.000
07-Jun-210.0000.000
07-Sep-210.0000.000
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