| BMO Short Term Investment Certificate (STIC) Rate* | 0.65%**
*This version of the BMO STIC is an interim investment with the principal and interest set to mature into the BMO Income Enriched GIC 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 | 1.20%, equivalent to 0.40% per period
|
| Participation Rate | Not Applicable |
| Maximum Rate of Return for the Term | 6.20%, equivalent to 2.06% per period |
| Term | 3 years |
| Calculation Method | Calculation of Additional Return for Each Period:
On each Annual Income
Payment Date a purchaser will receive the Guaranteed Rate of Return for
each Period on the amount invested.
On the Series Maturity
Date, a purchaser is guaranteed to receive 100% of the amount they invest
in a BMO Income Enriched GIC plus an Additional Rate of Return for the
Term, if any.
The Additional Rate of Return for the Term payable will be the
Portfolio Return (up to the Maximum Rate of Return for the Term) minus the
Guaranteed Rate of Return for the Term. The Portfolio Return will be
the average of the percentage changes in the values of the index or
indices in the Reference Portfolio for the Series during the Term of
Series (subject to a minimum of zero). If the Additional Rate of
Return for the Term is calculated to be less than zero, it will be set to
zero. |
