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BMO Select GIC
| Rates - BMO Select GIC - Series 20 |
| BMO Short Term Investment Certificate (STIC) Rate* | 1.45%**
*This version of the BMO STIC is an interim investment with the principal and interest set to mature into the BMO Select GIC on the Issue Date of the Series and is not available as a stand-alone investment.
**This is an annual percentage rate.
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| Guaranteed Return for the Term | No
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| Maximum Rate of Return for the Term | 24% |
| Term | 3 years |
| Calculation Method | The Rate of Return for the Term is based on the return on the Reference Portfolio compared to the Maximum Rate of Return for the Term. - If the return on the Reference Portfolio is
greater than the Maximum Rate of Return for the Term, the Rate of Return
for the Term is equal to the Maximum Rate of Return for the Term.
- If the return on the Reference Portfolio is
greater than zero but less than or equal to the Maximum Rate of Return
for the Term, the Rate of Return for the Term is equal to the return on
the Reference Portfolio.
- If the return on the Reference Portfolio is less than or equal to zero, the Rate of Return for the Term is equal to zero.
Assuming there is only one index in the Reference Portfolio, the return on the Reference Portfolio is calculated as follows:
| Return on Reference Portfolio | = | | Calculation Date Value – Issue Date Value |
| | Issue Date Value |
| X | 100 |
- The Issue Date Value is the value of the index
at market close two business days after the Issue Date.
- The Calculation Date Value is the value of the index at market close on the Calculation Date (as outlined in the Application Form).
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