Fixed Income Structured Notes
BMO 2.00% 4NOV20 SU
|November 04, 2020|
|November 04, 2013|
- An Extendible Step-up Note is a good alternative to conventional fixed income products because of its higher coupon rate. A higher coupon rate is offered as the issuer has the option to extend the maturity of the note, but the maturity can only be extended on specified dates and for a specified time. If the maturity is extended, the investor will receive a higher step-up coupon to offset the impact of rising interest rates. These notes are backed by high-quality issuers and provide full principal protection if held to maturity, similar to traditional bonds.
The above summary and the other material on this website is for information purposes only and does not constitute an offer to sell or a solicitation to purchase Notes. Investors should read the Information Statement or other disclosure document carefully before investing and discuss the suitability of the Notes with their investment advisor before making any investment decisions. The offering and sale of Notes may be prohibited or restricted by laws in certain jurisdictions. Notes may only be purchased where they may be lawfully offered for sale and only through individuals qualified to sell them. For a copy of the Information Statement or other disclosure document, click on the link above.