BMO S&P/TSX™ 60 Market Index GIC
| BMO S&P/TSX™ 60 Market Index GIC |
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| Rates - S&P/TSX™ 60 Market Index GIC |
| Guaranteed Return for the Term | No |
| Participation Rate* | 45% for 3 year term
60% for 5 year term
*The rate at which the investment participates in the returns of the reference portfolio
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| Maximum Rate of Return for the Term* | Unlimited
*Depending on the performance of the reference portfolio.
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| Term |
3 or 5 year term
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| Calculation Method |
| Rate of Return for the Term | = | Return on Reference Portfolio | X | Participation Rate |
If the return on the Reference Portfolio is less than zero, the Rate of Return for the Term will be zero.
The return on the Reference Portfolio is calculated as follows:
| Return on Portfolio | = | | Average Closing Value – Issue Date Value |
| | Issue Date Value |
| X | 100 |
- The Issue Date Value is the value of the
S&P/TSX 60 Index at market on the Wednesday following the week of
purchase.
- The Average Closing Value is the simple average of the S&P/TSX 60 Index at market close on the 15th day of the 6 months immediately prior to the month in which the investment matures. If the 15th of the month falls on a weekend or holiday, the value on the following weekday that is not a holiday will be used.
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