NBC Extendible Step-Up Flex GIC, series 4

Current price: $84.43
As of 17-Apr-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC11811
ISM Code:
Z6550M

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. All payments under the Notes will be in Canadian dollars.

Highlights

  • 10-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.

Dates

Issue Date:
18-Jun-2020
Maturity date:
18-Jun-2030
Note term:
10.0 years
Valuation Date:
13-Jun-2030
Call Val. Date 1:
05-Jun-2023
Call Val. Date 2:
04-Jun-2024
Call Val. Date 3:
04-Jun-2025
Call Val. Date 4:
04-Jun-2026
Call Val. Date 5:
04-Jun-2027
Call Val. Date 6:
05-Jun-2028
Call Val. Date 7:
04-Jun-2029
Call Val. Date 8:
04-Jun-2030
Initial Maturity Date:
19-Jun-2023

Price and Historical Values

Last Updated Date:
17-Apr-2024
Current Price:
$84.43
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
83.7430.68984.432
Coupon Payment DatesCoupon
12-18-20$1.000
06-18-21$1.000
12-20-21$1.000
06-20-22$1.000
12-19-22$1.000
06-19-23$1.000Initial Maturity Date
12-18-23$1.025
06-18-24$1.025
12-18-24$1.050
06-18-25$1.050
12-18-25$1.075
06-18-26$1.075
12-18-26$1.100
06-18-27$1.100
12-20-27$1.125
06-19-28$1.125
12-18-28$1.150
06-18-29$1.150
12-18-29$1.175
06-18-30$1.175Final Maturity Date