NBC Extendible Accrual GIC, series 69F

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

General Information

Issuer:
NBC
FundSERV Code:
NBC28660
ISM Code:
Z58XR1

Highlights

  • 5-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Potential accrual amounts: Year 1: 6%, Year 2: 12.36%, Year 3: 19.10%, Year 4: 26.25%, Year 5: 33.82%
  • Minimum: 33.82%.
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Dates

Issue Date:
21-Nov-2023
Maturity date:
21-Nov-2028
Note term:
5.0 years
Valuation Date:
14-Nov-2028
Call Val. Date 1:
06-Nov-2024
Call Val. Date 2:
06-Nov-2025
Call Val. Date 3:
06-Nov-2026
Call Val. Date 4:
05-Nov-2027
Call Val. Date 5:
06-Nov-2028

Price and Historical Values

Last Updated Date:
21-Nov-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 October 30, 2024 : National Bank of Canada (the "Bank") wishes to inform holders of NBC Extendible Accrual 6.00% GIC, Series 69F, Advisors Category (Fundserv Code: NBC28660) (the "market-linked GIC") that the market-linked GIC will not be extended by the Bank on November 21, 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 6.00% per annum. Capital terms used but not defined herein have the meaning ascribed thereto in the market-linked GIC Information Statement dated November 10, 2023.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
21-Nov-24$6.000
Extended Maturity DatesExtended Redemption Amount
21-Nov-25$12.360
23-Nov-26$19.100
22-Nov-27$26.250
21-Nov-28$33.820
Called on Nov 21, 2024