By William Gullotti
Buffalo, N.Y., Jan. 19 – Bank of Montreal priced $1.43 million of 11.5% autocallable notes due Jan. 20, 2026 linked to the common stock of Diamondback Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The notes will be called automatically at par if the stock closes at or above its initial price on any quarterly valuation date after six months.
If the stock finishes at or above its 50% trigger price, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the stock finished below its initial price.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Autocallable notes
|
| Underlying stock: | Diamondback Energy, Inc.
|
| Amount: | $1,431,000
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| Maturity: | Jan. 20, 2026
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| Coupon: | 11.5% per year, payable quarterly
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| Price: | Par
|
| Payout at maturity: | If stock finishes at or above trigger price, par; otherwise, full exposure to decline of stock from initial price
|
| Call: | Automatically at par if the stock closes at or above its initial price on any quarterly valuation date after six months
|
| Initial price: | $145.24
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| Trigger price: | $72.62; 50% of initial price
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 2.5%
|
| Cusip: | 06374VJM9
|
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