Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $752,000 autocallable market-linked notes linked to S&P 500
Chicago, Oct. 16 – Bank of Montreal priced $752,000 of 0% autocallable market-linked notes due Oct. 14, 2025 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 automatically redeemed at par plus 6% if the index closes at or above its initial level on Oct. 17, 2023.
The payout at maturity will be par plus any index gain.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Autocallable market-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $752,000
|
Maturity: | Oct. 14, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; otherwise, par
|
Call: | Par plus 6% if the index closes at or above its initial level on Oct. 17, 2023
|
Initial index level: | 3,639.66
|
Pricing date: | Oct. 7, 2022
|
Settlement date: | Oct. 13, 2022
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 1.2%
|
Cusip: | 06374V5W2
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.