NBC Extendible Coupons Flex GIC, series 50

Current price: $100.00
As of 21-Oct-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC28448
ISM Code:
Z58B80

Highlights

  • 2-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Coupon Payment: $5.15 p.a. paid semi-annually.
  • 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:
20-Apr-2023
Maturity date:
21-Apr-2025
Note term:
2.0 years
Valuation Date:
11-Apr-2025
Call Val. Date 1:
05-Oct-2023
Call Val. Date 2:
08-Apr-2024
Call Val. Date 3:
04-Oct-2024
Call Val. Date 4:
04-Apr-2025
Initial Maturity Date:
20-Oct-2023

Price and Historical Values

Last Updated Date:
21-Oct-2024
Current Price:
$100.00
Current ETC:
$0.00
Price Net of ETC:
$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.

Note

As of September 27, 2024 : National Bank of Canada (the "Bank") wishes to inform holders of NBC Extendible Coupons Flex GIC, Series 50, Advisors Category (Fundserv Code: NBC28448) (the "market-linked GIC") that the market-linked GIC will not be extended by the Bank on October 20, 2024 and that accordingly, such date will be the Maturity Date, as described under the terms and conditions of such market-linked GIC. Holders will receive the repayment of the principal invested on the Issue Date and an Interest Payment at a rate of 2.575% (equivalent to an annual rate of 5.15%). Capital terms used but not defined herein have the meaning ascribed thereto in the market-linked GIC Information Statement dated April 13, 2023.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Coupon Payment DatesCoupon
10-20-23$2.575Initial Maturity Date
04-22-24$2.575
10-21-24$2.575
04-21-25$2.575Final Maturity Date