By Wendy Van Sickle
Columbus, Ohio, April 24 – Bank of Montreal priced $3.97 million of autocallable barrier notes with a contingent coupon due Oct. 23, 2025 linked to the common stock of CrowdStrike Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon equal to 15.5% per year if the stock closes at or above its coupon barrier level, 60% of its initial price, on the relevant observation date.
The notes will be automatically redeemed at par plus the contingent coupon if the stock closes at or above its initial price on any monthly observation date starting after nine months.
If the notes are not called and the stock finishes at or above its 60% trigger price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will have full exposure to losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Autocallable barrier notes with contingent coupon
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Underlying stock: | CrowdStrike Holdings, Inc.
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Amount: | $3,968,000
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Maturity: | Oct. 23, 2025
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Coupon: | 15.5% per year, payable monthly if stock closes at or above coupon barrier level on related observation date
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Price: | Par
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Payout at maturity: | If the stock finishes at or above trigger price, par plus final coupon; otherwise, full exposure to loss
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Call: | At par plus contingent coupon if the stock closes at or above initial price on any monthly observation date starting after nine months
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Initial price: | $294.10
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Coupon barrier: | $176.46; 60% of initial price
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Trigger price: | $176.46; 60% of initial price
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Pricing date: | April 18
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Settlement date: | April 23
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.375%
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Cusip: | 06376ADV9
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