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Published on 4/8/2024 in the Prospect News Structured Products Daily.

New Issue: BMO prices $1.91 million digital return barrier notes tied to indexes

By Wendy Van Sickle

Columbus, Ohio, April 8 – UBS AG, London Branch priced $1.91 million of 0% digital return barrier notes due May 8, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus the digital return of 8.7%.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

BMO Capital Markets Corp. is the agent.

Issuer:Bank of Montreal
Issue:Digital return barrier notes
Underlying indexes:S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:$1,911,000
Maturity:May 8, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index gains or falls by up to 30%, par plus 8.7%; otherwise, 1% loss for each 1% decline of worst performing index
Initial index levels:5,211.49 for S&P, 2,076.203 for Russell, 39,127.14 for Dow
Downside thresholds:3,648.04 for S&P, 1,453.342 for Russell, 27,389.0 for Dow; 70% of initial levels
Pricing date:April 3
Settlement date:April 8
Agent:BMO Capital Markets Corp.
Fees:0.375%
Cusip:06376A7F1

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