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BMO plans to price autocallable barrier enhanced return notes linked to S&P
By Emma Trincal
New York, June 20 – Bank of Montreal plans to price 0% autocallable barrier enhanced return notes due July 6, 2026 linked to the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 11.6% call premium if the index closes at or above its initial level on July 8, 2024.
The payout at maturity will be par plus 150% of any index gain.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% of index decline if it falls by more than 30%.
BMO Capital Markets Corp. is the selling agent.
The notes will price on June 30 and settle on July 6.
The Cusip number is 06374VWS1.
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