By William Gullotti
Buffalo, N.Y., Dec. 21 – Bank of Montreal priced $1 million of 0% market-linked notes due Dec. 18, 2025 linked to the performance of the S&P 500 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 27.2%.
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: | S&P 500 index
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Amount: | $1 million
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Maturity: | Dec. 18, 2025
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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 27.2%; otherwise, par
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Initial index level: | 3,895.75
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Pricing date: | Dec. 15
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Settlement date: | Dec. 20
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.75%
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Cusip: | 06374VGZ3
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