NBC Extendible Accrual Flex GIC, series 15 *** Limited capacity remaining ***

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC26960
ISM Code:
Z05AU0

Dates

Issue Date:
11-May-2021
Maturity date:
11-May-2028
Note term:
7.0 years
Valuation Date:
11-May-2028
Call Valuation Date 1:
27-Apr-2022
Call Valuation Date 2:
27-Apr-2023
Call Valuation Date 3:
29-Apr-2024
Call Valuation Date 4:
28-Apr-2025
Call Valuation Date 5:
27-Apr-2026
Call Valuation Date 6:
27-Apr-2027
Call Valuation Date 7:
27-Apr-2028

Highlights

  • 7-year term.
  • Linked to n/a.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Potential accrual amounts: Year 1: 2.02%, Year 2: 4.08%, Year 3: 6.18%, Year 4: 8.33%, Year 5: 10.52%, Year 6: 12.75%, Year 7: 15.03%
  • 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.
Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
11-May-22$2.020
Extended Maturity DatesExtended Redemption Amount
11-May-23$4.080
13-May-24$6.180
12-May-25$8.330
11-May-26$10.520
11-May-27$12.750
Final Maturity DateFinal Redemption Amount
11-May-28$15.030