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Excel

PRICEDISC function in Excel

Returns the price per $100 face value of a discounted security

=PRICEDISC(settlement, maturity, discount, redemption, [basis])

PRICEDISC syntax and parameters

Five arguments, four required.

  • settlementanyRequired

    The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.

  • maturityanyRequired

    The security's maturity date. The maturity date is the date when the security expires.

  • discountnumberRequired

    The security's discount rate.

  • redemptionnumberRequired

    The security's redemption value per $100 face value.

  • basisnumberOptional

    The type of day count basis to use.

PRICEDISC examples

Formulas you'll actually reuse.

  1. Price of a discounted security per $100, actual/360:

    =PRICEDISC(DATE(2026, 3, 15), DATE(2026, 6, 14), 4.5%, 100, 2)

    Result98.8625

  2. Cost of the face amount in E2:

    =PRICEDISC(B2, C2, D2, 100, 2) * E2 / 100

PRICEDISC in Google Sheets

Same name — your formula ports as-is.

Try PRICEDISC in the playground

Edit the example — nothing to install.

Preloaded with the PRICEDISC formula from Example 1 — change anything and watch it respond.

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Related functions

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