NBC Canadian banks Deposit Notes, Series 54

Principal Protected Note

 

Issuer

Symbol

Minimum subscription

BNC

NBC26525

$1,000

  

 
 
 

Issuance date

Maturity date

Term

January 24, 2018

January 24, 2025

7 years

 

Selling period December 28, 2017 to January 18, 2018 Type Principal Protected Note 
Hightlights

  • 7-year term.
  • Participation Factor of 125%.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • The Deposits aim to provide you with a return at maturity linked to the performance of an equally weighted portfolio of the common shares of 5 Canadian banks.
  • 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 $3.60 per Deposits. A Holder who sells Deposits prior to maturity may receive less than the Initial Deposit Amount per Deposit.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA)

 

What are Linked Notes?

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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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