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JHN505
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Initial Terms |
| Fund Sponsor: |
Mackenzie Financial Corporation |
| Class: |
Mutual Fund Linked |
| Issue Date: |
March 14, 2007 |
| Maturity Date: |
September 14, 2012 |
| Term to Maturity: |
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Status Update |
| Term Remaining: |
2.06 years |
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Return since Inception: |
-1.03 % |
| Cumulative Distribution: |
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| Adjusted Cost Base if held since Inception: |
$100 |
| Current ETC**: |
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| Indicated Variable Rate of Return on Maturity: |
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| Current Bid Price*: |
$96.41
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| Historical Bid Prices & Distribution: |
view |
* Last updated September 02, 2010 and may be subject to an early trading charge. |
** Early trading charge will reduce proceeds on disposition. |
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| Offering Summary |
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- As of October 1, 2008, Bank of Montreal as issuer of the Deposit Notes, and BMO Nesbitt Burns Inc. as the Manager of the Note Program, have amended the terms of the Deposit Notes to include a minimum participation feature at no cost to you. The inclusion of this feature will generally entitle you to receive an amount equal to a minimum 5% of any increase in the initial basket value of the underlying assets above $100 per Deposit Note between the Closing Date and the Final Valuation Date
- For information on when and how the note value is determined, please refer to the Secondary Market section of the below information statement. Also, to find out how the value is related to the interest payable under the note, please refer to teh Payments to Holder(s) section in the information statement.
- Return, if any, is based on the performance of a portfolio of notional units of Mackenzie Cundill Value Fund & Mackenzie Ivy Foreign Equity Fund
- Leveraged growth potential: up to 200% exposure, using a low-cost loan facility, to the performance of Mackenzie Cundill Value Fund and Mackenzie Ivy Foreign Equity Fund
- Tax-deferred return: taxation of any positive return on the Deposit Notes is deferred until the Deposit Notes mature or are sold
- 100% principal protection if held to Maturity: provided by Bank of Montreal as issuer
- Liquidity: Deposit Notes are tradeable in a daily secondary market which BMO Capital Markets has undertaken to use its reasonable efforts to provide, as outlined in the Information Statement
- Term to maturity of approximately 5 1/2 years
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