NBC Extendible Step-Up Flex GIC, series 55F

Current price: $100.00
As of 27-Sep-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC28276
ISM Code:
Z06G73

Highlights

  • 5-year term.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • 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:
27-Sep-2022
Maturity date:
27-Sep-2027
Note term:
5.0 years
Valuation Date:
20-Sep-2027
Call Val. Date 1:
13-Sep-2023
Call Val. Date 2:
13-Sep-2024
Call Val. Date 3:
15-Sep-2025
Call Val. Date 4:
14-Sep-2026
Call Val. Date 5:
13-Sep-2027
Initial Maturity Date:
27-Sep-2023

Price and Historical Values

Last Updated Date:
27-Sep-2024
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.

Note

As of September 6, 2024 : National Bank of Canada (the "Bank") wishes to inform holders of NBC Extendible Step-Up Flex GIC, Series 55F, Advisors Category (Fundserv Code: NBC28276) (the "market-linked GIC") that the market-linked GIC will not be extended by the Bank on September 27, 2024 and that accordingly, such date will be the Maturity Date, as described under the terms and conditions of such market-linked GIC. Holders will receive the repayment of the principal invested on the Issue Date and an Interest Payment at a rate of 2.675% (equivalent to an annual rate of 5.35%). Capital terms used but not defined herein have the meaning ascribed thereto in the market-linked GIC Information Statement dated September 15, 2022.

Legal Notice

Portfolio

Clean PriceAccrued interestDirty price
Coupon Payment DatesCoupon
03-27-23$2.575
09-27-23$2.575Initial Maturity Date
03-27-24$2.675
09-27-24$2.675
03-27-25$2.775
09-29-25$2.775
03-27-26$2.875
09-28-26$2.875
03-29-27$2.975
09-27-27$2.975Final Maturity Date