BMO USD 8.15% 11AUG41-27 LA
Product Details |
|
| Cusip |
TBA |
|---|---|
| Currency |
USD |
| Issue Date |
August 11, 2026 |
| Maturity Date |
August 11, 2041 |
| Term |
15.0 years |
| Call Frequency | Semi-Annual |
| Coupon Frequency | Annual |
| Commission |
0.0% |
| Class |
F-Class |
| Initial Maturity Date |
August 11, 2027 |
Description |
|
|
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 |
||||
| From (including) | To (excluding) | Redemption Price | ||
| August 11, 2026 | August 11, 2027 | 108.15 | ||
| August 11, 2027 | August 11, 2028 | 116.30 | ||
| August 11, 2028 | August 11, 2029 | 124.45 | ||
| August 11, 2029 | August 11, 2030 | 132.60 | ||
| August 11, 2030 | August 11, 2031 | 140.75 | ||
| August 11, 2031 | August 11, 2032 | 148.90 | ||
| August 11, 2032 | August 11, 2033 | 157.05 | ||
| August 11, 2033 | August 11, 2034 | 165.20 | ||
| August 11, 2034 | August 11, 2035 | 173.35 | ||
| August 11, 2035 | August 11, 2036 | 181.50 | ||
| August 11, 2036 | August 11, 2037 | 189.65 | ||
| August 11, 2037 | August 11, 2038 | 197.80 | ||
| August 11, 2038 | August 11, 2039 | 205.95 | ||
| August 11, 2039 | August 11, 2040 | 214.10 | ||
| August 11, 2040 | August 11, 2041 | 222.25 | ||