By William Gullotti
Buffalo, N.Y., Nov. 29 – Bank of Montreal priced $2.54 million of 0% autocallable enhanced return notes due Oct. 4, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a 18.5% call premium if the index closes at or above its initial level on Oct. 5, 2023.
The payout at maturity will be par plus 200% of any gain of the index.
Investors will be fully exposed to any index decline.
BMO Capital Markets Corp. is the underwriter.
Issuer: | Bank of Montreal
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Issue: | Autocallable enhanced return notes
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Underlying index: | Russell 2000 index
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Amount: | $2,544,000
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Maturity: | Oct. 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain of index; otherwise, full exposure to loss
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Call: | Automatically at par plus a 18.5% call premium if the index closes at or above its initial level on Oct. 5, 2023
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Initial index level: | 1,674.931
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Underwriter: | BMO Capital Markets Corp.
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Fees: | 0.1%
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Cusip: | 06374V5Q5
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