NBC Extendible Linear Accrual 6.50% Flex GIC, series 241

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC32097
ISM Code:
Z564B8

Highlights

  • 15-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 1: 6.50%, Year 2: 13%, Year 3: 19.50%, Year 4: 26%, Year 5: 32.50%, Year 6: 39%, Year 7: 45.50%, Year 8: 52%, Year 9: 58.50%, Year 10: 65%, Year 11: 71.50%, Year 12: 78%, Year 13: 84.50%, Year 14: 91%, Year 15: 97.50%
  • 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:
23-Jul-2025
Sales Period:
15-Jul-2025 - 17-Jul-2025
Maturity date:
23-Jul-2040
Note term:
15.0 years
Valuation Date:
16-Jul-2040
Call Val. Date 1:
09-Jul-2026
Call Val. Date 2:
09-Jul-2027
Call Val. Date 3:
10-Jul-2028
Call Val. Date 4:
09-Jul-2029
Call Val. Date 5:
09-Jul-2030
Call Val. Date 6:
09-Jul-2031
Call Val. Date 7:
09-Jul-2032
Call Val. Date 8:
11-Jul-2033
Call Val. Date 9:
10-Jul-2034
Call Val. Date 10:
09-Jul-2035
Call Val. Date 11:
09-Jul-2036
Call Val. Date 12:
09-Jul-2037
Call Val. Date 13:
09-Jul-2038
Call Val. Date 14:
11-Jul-2039
Call Val. Date 15:
09-Jul-2040

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
23-Jul-26$6.500
Extended Maturity DatesExtended Redemption Amount
23-Jul-27$13.000
24-Jul-28$19.500
23-Jul-29$26.000
23-Jul-30$32.500
23-Jul-31$39.000
23-Jul-32$45.500
25-Jul-33$52.000
24-Jul-34$58.500
23-Jul-35$65.000
23-Jul-36$71.500
23-Jul-37$78.000
23-Jul-38$84.500