Published on 4/20/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $386,000 market-linked notes linked to Nasdaq-100
By Kiku Steinfeld
Chicago, April 20 – Bank of Montreal priced $386,000 of 0% market-linked notes due Jan. 29, 2024 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 6.6%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Market-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $386,000
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Maturity: | Jan. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain up to 6.6%; otherwise, par
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Initial index level: | 11,235.88
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Pricing date: | Dec. 21, 2022
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Settlement date: | Dec. 27, 2022
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.154%
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Cusip: | 06374VFE1
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