Chicago, June 21 – Bank of Montreal priced $145,000 of 0% autocallable buffer enhanced return notes due July 5, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 8.75% call premium if the index closes at or above its initial level on June 5, 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 20% and will lose 1% for each 1% that the level of the index decreases by more than 20%.
BMO Capital Markets Corp. is the selling agent.
| Issuer: | Bank of Montreal
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| Issue: | Autocallable buffer enhanced return notes
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| Underlying index: | S&P 500 index
|
| Amount: | $145,000
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| Maturity: | July 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any gain of the index; par if the index falls by up to 20%; otherwise, 1% loss for each 1% of index decline below 20%
|
| Call: | Automatically at par plus an 8.75% call premium if the index closes at or above its initial level on June 5, 2024
|
| Initial index level: | 4,179.83
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| Buffer level: | 3,343.86; 80% of initial level
|
| Pricing date: | May 31
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| Settlement date: | June 5
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| Selling agent: | BMO Capital Markets Corp.
|
| Fees: | 0.25%
|
| Cusip: | 06374VUX2
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