New Issue: BMO sells $5.82 million leveraged buffered market-linked autocalls with downside on S&P

By William Gullotti

Buffalo, N.Y., March 12 – Bank of Montreal priced $5.82 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due March 5, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be automatically called at par plus a 7.5% call premium if the index closes at or above its initial level on March 5, 2025.

The payout at maturity will be par plus 125% of the gain in the index.

If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
Underlying:	S&P 500 index
Amount:	$5,817,000
Maturity:	March 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of the index gain; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10%
Call:	Automatically at par plus 7.5% call premium if the index closes at or above its initial level on March 5, 2025
Initial level:	5,096.27
Trigger level:	4,586.643; 90% of initial level
Pricing date:	Feb. 29
Settlement date:	March 5
Agent:	Wells Fargo Securities LLC
Fees:	2.575%
Cusip:	06375MUR4

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