National Bank of Canada announces the redemption for cash of 500 million $ Series 4 Medium Term Notes

MONTREAL, Aug. 26, 2015 /CNW Telbec/ - The National Bank of Canada (the "Bank") today announced its intention to redeem on November 2, 2015, all of its 4.70% Series 4 Medium Term Notes (subordinated indebtedness) due November 2, 2020 (the "Notes").

Pursuant to the Notes' terms, on November 2, 2015, the Bank may redeem the Notes at a redemption price of 100% of the principal amount, together with any accrued and unpaid interest to but excluding the date of redemption. 

Funded solely from the Bank's general funds, this redemption is part of the Bank's ongoing management of its regulatory capital.

A formal notice will be issued to the holders of the Notes in accordance with the Notes' terms. This redemption remains subject to the final approval of the Office of the Superintendent of Financial Institutions (OSFI).

The Bank recommends that holders of the Notes consult with their tax advisors to determine the appropriate treatment and impact of the redemption.

Caution Regarding Forward-Looking Statements

This press release includes certain forward-looking statements. These forward-looking statements include the Bank's intentions regarding the redemption of the Notes. These statements are inherently subject to significant risks, uncertainties and changes in circumstances, many of which are beyond the control of the Bank, including the obtaining of regulatory approval required to complete the proposed redemption. Except as required by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time, by it or on its behalf. The forward-looking information contained in this press release is presented for the purpose of interpreting the information contained herein and may not be appropriate for other purposes.

About National Bank of Canada
With $216 billion in assets as at July 31, 2015, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

SOURCE National Bank of Canada

(The telephone number provided below is for the exclusive use of journalists and other media representatives.): Claude Breton, Vice-President, Public Affairs and Investor Relations, National Bank of Canada, Tel.: [phone] ; Hélène Baril Senior Director, Investor Relations, National Bank of Canada Tel.: [phone]