|
|
 |
BMO Return Enhancing GIC
| Rates - BMO Return Enhancing GIC - Series 25 |
| 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 Return Enhancing GICs on the Issue Date of the Series and is not available as a stand-alone investment.
**This is an annual percentage rate.
|
| Guaranteed Return for the Term | 3.00% (1.50% annually) |
| Participation Rate | Not applicable |
| Maximum Rate of Return for the Term | 13.00% or 6.50% annually |
| Term | 2 years |
| Calculation Method | Calculation of returns:
| Total Return | = | Guaranteed rate for the term | + |
Additional Return, Period 1(if any) |
+ | Additional Return, Period 2 (if any) |
- Calculation of Additional Return, Period 1 – The average of the price return of each stock in the stock portfolio, with any stock’s positive price performance from the Issue Date to the Calculation Date, Period 1 (12 months), is counted as the Max Rate for Each Security, Period 1. The average of any negative price performance will be deducted from the return.
- Calculation of Additional Return, Period 2 – The average of the price return of each stock in the stock portfolio, with any stock’s positive price performance from the Issue Date to the Calculation Date, Period 2 (24 months), is counted as the Max Rate for Each Security, Period 2. The average of any negative price performance will be deducted from the return.
|
|
|
|
|
