BMO USD 5.15% 11AUG36-27 FD
Product Details |
|
| Cusip |
TBA |
|---|---|
| Product SubType |
Fixed Rate Extendible Note |
| Currency |
USD |
| Issue Date |
August 11, 2026 |
| Maturity Date |
August 11, 2036 |
| Term |
10.0 years |
| Call Frequency | Semi-Annual |
| Coupon Frequency | Annual |
| Commission |
10.0% |
| Class |
A-Class |
| Initial Maturity Date |
August 11, 2027 |
Description |
|
|
A Fixed Rate Extendible Note is an 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. These notes are backed by high-quality issuers and provide full principal protection if held to maturity, similar to traditional bonds. |
|
Rates Schedule |
||||
| From (including) | To (excluding) | Annual Rate/Coupon | ||
| August 11, 2026 | August 11, 2027 | 5.15% | ||
| August 11, 2027 | August 11, 2028 | 5.15% | ||
| August 11, 2028 | August 11, 2029 | 5.15% | ||
| August 11, 2029 | August 11, 2030 | 5.15% | ||
| August 11, 2030 | August 11, 2031 | 5.15% | ||
| August 11, 2031 | August 11, 2032 | 5.15% | ||
| August 11, 2032 | August 11, 2033 | 5.15% | ||
| August 11, 2033 | August 11, 2034 | 5.15% | ||
| August 11, 2034 | August 11, 2035 | 5.15% | ||
| August 11, 2035 | August 11, 2036 | 5.15% | ||