By Devika Patel
Knoxville, Tenn., Oct. 7 – Bank of Montreal priced $100 million of zero-coupon 40-year callable notes at par, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be redeemed at maturity at 480.1021% of par for an accrual yield of 4% per year.
The notes are callable annually beginning on Oct. 7, 2020 with a premium.
Bank of Montreal is a Montreal-based banking and financial services provider.
| Issuer: | Bank of Montreal
|
| Amount: | $100 million
|
| Description: | Notes
|
| Maturity: | Oct. 7, 2059
|
| Coupon: | 0%
|
| Price: | Par
|
| Redemption price: | 480.1021% of par
|
| Yield: | Accrual yield of 4% per year
|
| Call: | Beginning Oct. 7, 2020 annually with a premium
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 7
|
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