NBC Extendible Linear Accrual 6.25% Flex GIC, series 254

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC37017
ISM Code:
Z566P8

Highlights

  • 15-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Accrual Amounts: Year 1: 6.25%, Year 2: 12.50%, Year 3: 18.75%, Year 4: 25%, Year 5: 31.25%, Year 6: 37.50%, Year 7: 43.75%, Year 8: 50%, Year 9: 56.25%, Year 10: 62.50%, Year 11: 68.75%, Year 12: 75%, Year 13: 81.25%, Year 14: 87.50%, Year 15: 93.75%
  • 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:
04-Sep-2025
Sales Period:
26-Aug-2025 - 28-Aug-2025
Maturity date:
04-Sep-2040
Note term:
15.0 years
Valuation Date:
28-Aug-2040
Call Val. Date 1:
21-Aug-2026
Call Val. Date 2:
23-Aug-2027
Call Val. Date 3:
21-Aug-2028
Call Val. Date 4:
20-Aug-2029
Call Val. Date 5:
20-Aug-2030
Call Val. Date 6:
20-Aug-2031
Call Val. Date 7:
23-Aug-2032
Call Val. Date 8:
22-Aug-2033
Call Val. Date 9:
21-Aug-2034
Call Val. Date 10:
20-Aug-2035
Call Val. Date 11:
20-Aug-2036
Call Val. Date 12:
21-Aug-2037
Call Val. Date 13:
23-Aug-2038
Call Val. Date 14:
22-Aug-2039
Call Val. Date 15:
21-Aug-2040

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Initial Maturity DateInitial Redemption Amount
04-Sep-26$6.250
Extended Maturity DatesExtended Redemption Amount
07-Sep-27$12.500
05-Sep-28$18.750
04-Sep-29$25.000
04-Sep-30$31.250
04-Sep-31$37.500
07-Sep-32$43.750
06-Sep-33$50.000
05-Sep-34$56.250
04-Sep-35$62.500
04-Sep-36$68.750
04-Sep-37$75.000
06-Sep-38$81.250