NBC Canadian Blue Chip III Deposit Notes, Series 89

Principal Protected Note




Minimum subscription






Issuance date

Maturity date


October 6, 2017

October 6, 2025

8 years


Selling period August 31 to September 29, 2017 Type Principal Protected Note 

  • 8-year term.
  • Principal fully protected at maturity by National Bank of Canada. 
  • Bank early redemption day: On or about October 6, 2021.
  • The return at maturity, if any, is linked to the price performance of a Reference Portfolio composed of the common shares of 15 Canadian companies. 
  • The Reference Share Return is a price return, and will not take into account dividends and/or distributions paid in respect of the Reference Shares (approximately 3.67% annually as of August 24, 2017).
  • May be called for redemption by National Bank of Canada four years after the Issuance Date at $131.08 per Deposit Note representing an annual compounded rate of return of approximately 7.00% on the Bank Early Redemption Day.
  • A daily secondary market is maintained subject to availability and to early trading charges within the first 360 days including and following the Issuance Date, up to $4.80 per Deposit Note. A Holder who sells Deposit Notes prior to maturity may receive less than the Initial Deposit Amount per Deposit Note.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA).


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Non principal protected notes (“Note Securities”), principal protected notes (“Deposit Notes”) and market-linked guaranteed investment certificates (“Market-Linked GICs”) differ from conventional debt and fixed income investment. The repayment of the entire principal amount is not guaranteed for the Note Securities and is guaranteed at maturity for the Deposit Notes and the Market-Linked GICs. Note Securities and Deposit Notes do not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act whereas the Market-Linked GICs are eligible for CDIC coverage, subject to the maximum dollar limit of CDIC coverage and to applicable conditions. An investment in Note Securities, Deposit Notes and Market-Linked GICs is not suitable for all investors and even if suitable, potential investors should consider what part such investment should serve in an overall investment plan. Such investment involves risk factors that are described in the relevant offering documents. Potential investors should refer and read the offering documents.

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