Extendible Step-Up Deposit Notes, Series 48

Current price: $101.38
As of 21-Aug-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC28008
ISM Code:
V86741

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.

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:
21-Aug-2018
Maturity date:
21-Aug-2023
Note term:
5.0 years
Valuation Date:
16-Aug-2023
Call Val. Date 1:
07-Aug-2019
Call Val. Date 2:
07-Aug-2020
Call Val. Date 3:
09-Aug-2021
Call Val. Date 4:
08-Aug-2022
Call Val. Date 5:
04-Aug-2023
Initial Maturity Date:
21-Aug-2019

Price and Historical Values

Last Updated Date:
21-Aug-2019
Current Price:
$101.38
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
02-21-19$1.380
08-21-19$1.380
Fixed Coupon Payment Dates (Extension Period) Coupon
02-21-20$1.530
08-21-20$1.530
02-22-21$1.680
08-23-21$1.680
02-22-22$1.830
08-22-22$1.830
02-21-23$1.980
08-21-23$1.980
Called on August 21, 2019