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BMO Growth GIC
| Rates - BMO Growth GIC - Series 31 |
| BMO Short Term Investment Certificate (STIC) Rate* | 0.20%**
*This version of the BMO STIC is an interim investment with the principal and interest set to mature into the BMO Growth GICs 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 | 25%
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| Term | 4 years |
| Calculation Method |
- 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.
The return on the Reference Portfolio equals the average return on the stocks in the Reference Portfolio, with the return on each stock calculated as follows:
| Return on Individual Stock | = | | Calculation Date Value – Issue Date Value |
| | Issue Date Value |
| X | 100 |
- The Issue Date Value is the price of the stock
at market close two business days after the Issue Date.
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The Calculation Date Value is the price of the stock at market close on the Calculation Date (as outlined in the Application Form).
The return on the Reference Portfolio is calculated as follows:
| Return on Reference Portfolio | = | | Sum of Individual Stock Returns |
| | Number of Stocks in Reference Portfolio |
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