BMO 7.45% 24JUN46-27 LA
Product Details |
|
| Cusip |
TBA |
|---|---|
| Currency |
CAD |
| Issue Date |
June 24, 2026 |
| Maturity Date |
June 24, 2046 |
| Term |
20.0 years |
| Call Frequency | Semi-Annual |
| Coupon Frequency | Annual |
| Commission |
2.0% |
| Class |
A-Class |
| Initial Maturity Date |
June 24, 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 |
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| From (including) | To (excluding) | Redemption Price | ||
| June 24, 2026 | June 24, 2027 | 107.45 | ||
| June 24, 2027 | June 24, 2028 | 114.90 | ||
| June 24, 2028 | June 24, 2029 | 122.35 | ||
| June 24, 2029 | June 24, 2030 | 129.80 | ||
| June 24, 2030 | June 24, 2031 | 137.25 | ||
| June 24, 2031 | June 24, 2032 | 144.70 | ||
| June 24, 2032 | June 24, 2033 | 152.15 | ||
| June 24, 2033 | June 24, 2034 | 159.60 | ||
| June 24, 2034 | June 24, 2035 | 167.05 | ||
| June 24, 2035 | June 24, 2036 | 174.50 | ||
| June 24, 2036 | June 24, 2037 | 181.95 | ||
| June 24, 2037 | June 24, 2038 | 189.40 | ||
| June 24, 2038 | June 24, 2039 | 196.85 | ||
| June 24, 2039 | June 24, 2040 | 204.30 | ||
| June 24, 2040 | June 24, 2041 | 211.75 | ||
| June 24, 2041 | June 24, 2042 | 219.20 | ||
| June 24, 2042 | June 24, 2043 | 226.65 | ||
| June 24, 2043 | June 24, 2044 | 234.10 | ||
| June 24, 2044 | June 24, 2045 | 241.55 | ||
| June 24, 2045 | June 24, 2046 | 249.00 | ||