BMO S&P 500™ Market Index GIC
| BMO S&P 500™ Market Index GIC |
|
| Rates - S&P 500™ Market Index |
| Guaranteed Return for the Term | No |
| Participation Rate* | 40% for 3 year term
55% 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.
|
| Term | 3 or 5 year term |
| 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 Reference Portfolio | = | | Average Closing Value – Issue Date Value |
| | Issue Date Value |
| X | 100 |
- The Issue Date Value is the value of the S&P
500 Index at market close on the Wednesday following the week of
purchase.
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The Average Closing Value is the simple average of the S&P 500 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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