Published on 1/6/2024 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $512,000 digital return notes linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Jan. 8 – Bank of Montreal priced $512,000 of 0% digital return notes due April 28, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is greater than or equal to its initial level, the payout at maturity will be par plus 36%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Digital return notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $512,000
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| Maturity: | April 28, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 36%; par otherwise
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| Initial index level: | 4,377.85
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| Pricing date: | April 25, 2023
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| Settlement date: | April 28, 2023
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| Agent: | BMO Capital Markets Corp.
|
| Fees: | 3.5%
|
| Cusip: | 06374VRE8
|
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