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Fixed Income Structured Notes
BMO 2.00% 1MAR27-18 SU
Product Details
IssuerBMO
Issue DateMarch 01, 2017
Final Maturity DateMarch 01, 2027
Original Term10.0 years
Next Extension DateMarch 01, 2018
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
March 01, 2017March 01, 20182.00%
March 01, 2018March 01, 20192.10%
March 01, 2019March 01, 20202.15%
March 01, 2020March 01, 20212.50%
March 01, 2021March 01, 20222.65%
March 01, 2022March 01, 20232.75%
March 01, 2023March 01, 20243.00%
March 01, 2024March 01, 20253.10%
March 01, 2025March 01, 20263.25%
March 01, 2026March 01, 20274.00%