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Fixed Income Structured Notes
BMO 1.70% 4APR24-18 SU
Product Details
IssuerBMO
Issue DateApril 04, 2017
Final Maturity DateApril 04, 2024
Original Term7.0 years
Next Extension DateApril 04, 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
April 04, 2017April 04, 20181.70%
April 04, 2018April 04, 20191.85%
April 04, 2019April 04, 20202.00%
April 04, 2020April 04, 20212.15%
April 04, 2021April 04, 20222.30%
April 04, 2022April 04, 20232.75%
April 04, 2023April 04, 20243.50%