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Fixed Income Structured Notes
BMO 1.75% 23DEC21-17 SU
Product Details
IssuerBMO
Issue DateDecember 21, 2016
Final Maturity DateDecember 23, 2021
Original Term5.0 years
Next Extension DateDecember 23, 2017
Extension FrequencySemi-annually
Coupon FrequencySemi-annually
CurrencyCAD
Product Description
  • 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.

Coupon Schedule
From (Including)To (Excluding)Rate
December 23, 2016December 23, 20171.75%
December 23, 2017December 23, 20182.00%
December 23, 2018December 23, 20192.15%
December 23, 2019December 23, 20202.25%
December 23, 2020December 23, 20212.50%