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.