BMO 4.20% 18SEP36-27 FD
Product Details |
|
| Cusip |
TBA |
|---|---|
| Product SubType |
Fixed Rate Extendible Note |
| Currency |
CAD |
| Issue Date |
September 18, 2026 |
| Maturity Date |
September 18, 2036 |
| Term |
10.0 years |
| Call Frequency | Semi-Annual |
| Coupon Frequency | Annual |
| Commission |
1.0% |
| Class |
A-Class |
| Initial Maturity Date |
September 18, 2027 |
Description |
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|
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. |
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Rates Schedule |
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| From (including) | To (excluding) | Annual Rate/Coupon | ||
| September 18, 2026 | September 18, 2027 | 4.2% | ||
| September 18, 2027 | September 18, 2028 | 4.2% | ||
| September 18, 2028 | September 18, 2029 | 4.2% | ||
| September 18, 2029 | September 18, 2030 | 4.2% | ||
| September 18, 2030 | September 18, 2031 | 4.2% | ||
| September 18, 2031 | September 18, 2032 | 4.2% | ||
| September 18, 2032 | September 18, 2033 | 4.2% | ||
| September 18, 2033 | September 18, 2034 | 4.2% | ||
| September 18, 2034 | September 18, 2035 | 4.2% | ||
| September 18, 2035 | September 18, 2036 | 4.2% | ||