Extendible Step-Up Deposit Notes, Series 26

Current price: $100.00
As of 30-Nov-2020

General Information

Issuer:
NBC
ISM Code:
V79838

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

  • Coupons: Coupons will be paid semi-annually in arrears on the 28th day of May and November. The first Coupon Payment Date will be May 28, 2017.
  • Initial Maturity Date: November 28, 2018.
  • Extended Maturity Dates: Each November 28th beginning on November 28, 2018 up to, and including November 29, 2021.
  • Extension Feature: The Issuer may, at its option, on the Initial Maturity Date or on an Extended Maturity Date, extend the Maturity Date of the Notes to the next subsequent Extended Maturity Date or to the Final Maturity Date if applicable, at the interest rate set out below in respect of the relevant Extension Period (as defined below), but in no event beyond the Final Maturity Date (the “Extension Feature”).
  • Secondary Market: National Bank Financial Inc., as market maker, intends to maintain until the Maturity Date, under normal market conditions, a daily secondary market for the Notes.
  • The Notes will not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.

Dates

Issue Date:
28-Nov-2016
Maturity date:
29-Nov-2021
Note term:
5.0 years
Valuation Date:
24-Nov-2021
Call Val. Date 1:
14-Nov-2018
Call Val. Date 2:
14-Nov-2019
Call Val. Date 3:
16-Nov-2020
Call Val. Date 4:
15-Nov-2021
Initial Maturity Date:
28-Nov-2018

Price and Historical Values

Last Updated Date:
30-Nov-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
05-29-17$0.900
11-28-17$0.900
05-28-18$0.900
11-28-18$0.900
Fixed Coupon Payment Dates (Extension Period) Coupon
05-28-19$0.925
11-28-19$0.925
05-28-20$0.950
11-30-20$0.950
05-28-21$0.975
11-29-21$0.975
Called on November 30, 2020