NBC Fixed To Capped Floating Rate Deposit Notes, Series 18

Current price: $99.84
As of 11-Dec-2019

General Information

Issuer:
NBC
ISM Code:
V45344
Ticker Symbol:
CDOR03 Index

Dates

Issue Date:
11-Jun-2019
Maturity date:
11-Jun-2024
Note term:
5.0 years
Valuation Date:
11-Jun-2024

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

  • 5-year term.
  • Linked to the CDOR 3M.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Spread: 0.5%
  • Maximum Coupon: 4.5%
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Price and Historical Values

Last Updated Date:
11-Dec-2019
Current Price:
$99.84
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.
99.8450.01499.859
Fixed Coupon Payment Dates CouponMonthly Reference Rate
11-Sep-190.62500
11-Sep-190.62500
11-Sep-190.62500
11-Sep-190.62500
11-Sep-190.62500
11-Sep-190.62500
11-Sep-190.62500
11-Sep-190.62500
Variable Coupon Payment Dates CouponMonthly Reference Rate
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994
11-Sep-190.625001.994