Published on 7/20/2022 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.08 million market-linked notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 20 – Bank of Montreal priced $1.08 million of 0% market-linked notes due July 22, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain up to 30%.
Investors will receive par if the index falls or is flat.
BMO Capital Markets Corp. is the selling agent.
Issuer: | Bank of Montreal
|
Issue: | market-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,075,000
|
Maturity: | July 22, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any gain of the index up to 30%; par if the index falls or is flat
|
Initial index level: | 3,863.16
|
Pricing date: | July 15
|
Settlement date: | July 19
|
Selling agent: | BMO Capital Markets Corp.
|
Fees: | 0.5%
|
Cusip: | 06368GXH5
|
|
© 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.