National Bank of Canada launches $12 billion Contingent Income Notes program

Bank

National Bank of Canada

Law Firm / Organization
Fasken Martineau DuMoulin LLP
Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Torys LLP

Company

Independent Dealers

Law Firm / Organization
Torys LLP

On December 2, 2024, National Bank of Canada announced its NBC Contingent Income Note Securities program under a $12 billion Medium Term Notes framework. The securities, closing shortly thereafter, offer investors structured, market-linked returns with features such as buffers and barriers. National Bank Financial Inc., along with independent dealers, acted as underwriters/agents.

Legal counsel included Fasken Martineau DuMoulin LLP, Osler, Hoskin & Harcourt LLP, and Torys LLP. The notes are non-principal-protected and not exchange-listed, though a secondary market is planned by National Bank Financial.

Public/Private Offering
Banking/Finance
$ 12,000,000,000
Active