Published on 9/13/2022 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.2 million market-linked notes linked to Russell
Chicago, Sept. 13 – Bank of Montreal priced $1.2 million of 0% market-linked notes due Aug. 31, 2026 linked to the performance of the Russell 2000 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 29.5%.
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: | Russell 2000 index
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Amount: | $1,203,000
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Maturity: | Aug. 31, 2026
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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 29.5%; otherwise, par
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Initial index level: | 1,899.831
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 2.75%
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Cusip: | 06368GYS0
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