BMO 6.25% 17JUL41-27 LA
Product Details |
|
| Cusip |
TBA |
|---|---|
| Currency |
CAD |
| Issue Date |
July 17, 2026 |
| Maturity Date |
July 17, 2041 |
| Term |
15.0 years |
| Call Frequency | Semi-Annual |
| Coupon Frequency | Annual |
| Commission |
0.0% |
| Class |
F-Class |
| Initial Maturity Date |
July 17, 2027 |
Description |
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|
A Linear Accrual is an alternative to conventional fixed income products because of its higher accrual rate. A higher accrual 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. Its rate accrues annually at a rate that increases linearly every year if extended. These notes are backed by high-quality issuers and provide full principal protection if held to maturity, similar to traditional bonds. |
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Rates Schedule |
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| From (including) | To (excluding) | Redemption Price | ||
| July 17, 2026 | July 17, 2027 | 106.25 | ||
| July 17, 2027 | July 17, 2028 | 112.50 | ||
| July 17, 2028 | July 17, 2029 | 118.75 | ||
| July 17, 2029 | July 17, 2030 | 125.00 | ||
| July 17, 2030 | July 17, 2031 | 131.25 | ||
| July 17, 2031 | July 17, 2032 | 137.50 | ||
| July 17, 2032 | July 17, 2033 | 143.75 | ||
| July 17, 2033 | July 17, 2034 | 150.00 | ||
| July 17, 2034 | July 17, 2035 | 156.25 | ||
| July 17, 2035 | July 17, 2036 | 162.50 | ||
| July 17, 2036 | July 17, 2037 | 168.75 | ||
| July 17, 2037 | July 17, 2038 | 175.00 | ||
| July 17, 2038 | July 17, 2039 | 181.25 | ||
| July 17, 2039 | July 17, 2040 | 187.50 | ||
| July 17, 2040 | July 17, 2041 | 193.75 | ||