Extendible Step-Up Deposit Notes, Series 23

Current price: $100.00
As of 27-Jul-2020

General Information

Issuer:
NBC
ISM Code:
V79579

Product Description

The Notes offer pre-determined step-up coupons (the “Coupons”). The Issuer may, at its option, extend the Notes beginning on the Initial Maturity Date and annually thereafter (each referred to as an “Extended Maturity Date”) up until the final maturity date (the “Final Maturity Date”) pursuant to the Extension Feature described below. The Notes pay semi-annual Coupons. All payments under the Notes will be in Canadian dollars.

Highlights

  • 5-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
26-Jul-2016
Maturity date:
26-Jul-2021
Note term:
5.0 years
Valuation Date:
21-Jul-2021
Call Val. Date 1:
12-Jul-2019
Call Val. Date 2:
13-Jul-2020
Call Val. Date 3:
12-Jul-2021
Initial Maturity Date:
26-Jul-2019

Price and Historical Values

Last Updated Date:
27-Jul-2020
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.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Fixed Coupon Payment Dates (Initial Maturity Date)Coupon
01-26-17$0.850
07-26-17$0.850
01-26-18$0.850
07-26-18$0.850
01-28-19$0.850
07-26-19$0.850
Fixed Coupon Payment Dates (Extension Period) Coupon
01-27-20$0.875
07-27-20$0.875
01-26-21$0.900
07-26-21$0.900
Called on July 27, 2020