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Fixed Income Structured Notes
BMO 1.75% 22MAR24-18 SU
Product Details
Issue DateMarch 22, 2017
Final Maturity DateMarch 22, 2024
Original Term7.0 years
Next Extension DateMarch 22, 2018
Extension FrequencySemi-annually
Coupon FrequencySemi-annually
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 22, 2017March 22, 20181.75%
March 22, 2018March 22, 20191.90%
March 22, 2019March 22, 20202.00%
March 22, 2020March 22, 20212.25%
March 22, 2021March 22, 20222.50%
March 22, 2022March 22, 20233.00%
March 22, 2023March 22, 20243.50%