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Published on 10/4/2023 in the Prospect News Structured Products Daily.

New Issue: BMO sells $1.41 million leveraged upside participation market-linked notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – Bank of Montreal priced $1.41 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due April 3, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 145% of the gain in the index.

If the index falls by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 40%.

Wells Fargo Securities LLC is the agent.

Issuer:Bank of Montreal
Issue:Market-linked securities – leveraged upside participation and fixed percentage buffered downside
Underlying:Euro Stoxx 50 index
Amount:$1,413,000
Maturity:April 3, 2028
Coupon:0%
Price:Par
Payout at maturity:Par plus 145% of the index gain; if index falls by up to 40%, par; otherwise, 1% loss for every 1% decline of index beyond 40%
Initial level:4,161.56
Buffer level:2,496.936; 60% of initial level
Pricing date:Sept. 28
Settlement date:Oct. 3
Agent:Wells Fargo Securities LLC
Fees:3.325%
Cusip:06375M6A8

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