NBC Extendible Accrual Flex GIC, series 66F

Current price: $100.00
As of 17-Oct-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC28623
ISM Code:
Z58T85

Highlights

  • 7-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Potential accrual amounts: Year 1: 6.70%, Year 2: 13.85%, Year 3: 21.48%, Year 4: 29.62%, Year 5: 38.30%, Year 6: 47.57%, Year 7: 57.45%
  • Minimum: 57.45%.
  • 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:
17-Oct-2023
Maturity date:
17-Oct-2030
Note term:
7.0 years
Valuation Date:
09-Oct-2030
Call Val. Date 1:
02-Oct-2024
Call Val. Date 2:
02-Oct-2025
Call Val. Date 3:
02-Oct-2026
Call Val. Date 4:
01-Oct-2027
Call Val. Date 5:
29-Sep-2028
Call Val. Date 6:
02-Oct-2029
Call Val. Date 7:
02-Oct-2030

Price and Historical Values

Last Updated Date:
17-Oct-2024
Current Price:
$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 24, 2024 : National Bank of Canada (the "Bank") wishes to inform holders of NBC Extendible Accrual 6.70% Flex GIC, Series 66F, Advisors Category (Fundserv Code: NBC28623) (the "market-linked GIC") that the market-linked GIC will not be extended by the Bank on October 17, 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 Redemption Amount corresponding to the sum of the principal invested on the Issue Date and an amount equal to interest annually accrued at a compounded rate of 6.70% per annum. Capital terms used but not defined herein have the meaning ascribed thereto in the market-linked GIC Information Statement dated October 10, 2023.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
17-Oct-24$6.700
Extended Maturity DatesExtended Redemption Amount
17-Oct-25$13.850
19-Oct-26$21.480
18-Oct-27$29.620
17-Oct-28$38.300
17-Oct-29$47.570
17-Oct-30$57.450
Called on Oct 17, 2024