Chicago, Jan. 25 – Bank of Montreal priced $3.35 million of 12.06% autocallable barrier notes due Feb. 24, 2025 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be called automatically at par if the stock closes at or above its initial price on any monthly valuation date after six months.
If the stock finishes at or above its 75% trigger price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the stock from its initial price.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Autocallable barrier notes
|
| Underlying stock: | Ford Motor Co.
|
| Amount: | $3,345,000
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| Maturity: | Feb. 24, 2025
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| Coupon: | 12.06% per year, payable monthly
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| Price: | Par
|
| Payout at maturity: | If stock finishes at or above trigger price, par; otherwise, full exposure to decline of stock from initial price
|
| Call: | Automatically at par if the stock closes at or above its initial price on any monthly valuation date after six months
|
| Initial price: | $11.20
|
| Trigger price: | $8.40; 75% of initial price
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
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| Agent: | BMO Capital Markets Corp.
|
| Fees: | 2.15%
|
| Cusip: | 06369NQK0
|
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