National Bank of Canada announces the redemption for cash of 500 million $ Series 6 Medium Term Notes

MONTREAL, Sept. 20, 2013 /CNW Telbec/ - National Bank of Canada (the "Bank") announced today its intention to redeem, on November 15, 2013, for the purpose of cancellation, all $500,000,000 of its Series 6 Medium Term Notes outstanding (subordinated indebtedness) due November 15, 2018 (the "Notes"). In accordance with their terms, the Notes will be redeemed at 100% of their principal amount on November 15, 2013. The regular interest due in respect of the Notes on November 15, 2013 will be paid in the normal course, leaving no accrued and unpaid interest on the Notes at the time of their redemption. Interest on the Notes will cease to accrue from and after the redemption date.

The redemption of the Notes is subject to the approval of the Office of the Superintendent of Financial Institutions. Funded solely from the Bank's general funds, this redemption is part of the Bank's ongoing management of its regulatory capital.

The notice of redemption will be delivered to the holders of the Notes, in accordance with the Notes' conditions.

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 Series 6 Medium term 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 $187 billion in assets as at July 31, 2013, National Bank of Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading integrated financial groups, and has been named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its 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 numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.):

Claude Breton
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National Bank of Canada
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Hélène Baril
Senior Director, Investor Relations
National Bank of Canada
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