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Fixed Income Structured Notes
BMO 2.00% 29DEC26-17 SU
Product Details
IssuerBMO
Issue DateDecember 29, 2016
Final Maturity DateDecember 29, 2026
Original Term10.0 years
Next Extension DateDecember 29, 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 29, 2016December 29, 20172.00%
December 29, 2017December 29, 20182.15%
December 29, 2018December 29, 20192.25%
December 29, 2019December 29, 20202.50%
December 29, 2020December 29, 20212.75%
December 29, 2021December 29, 20223.00%
December 29, 2022December 29, 20233.50%
December 29, 2023December 29, 20244.00%
December 29, 2024December 29, 20254.50%
December 29, 2025December 29, 20265.50%