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Published on 1/19/2024 in the Prospect News Structured Products Daily.

New Issue: BMO prices $2.24 million market-linked notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 19 – Bank of Montreal priced $2.24 million of 0% market-linked notes due Jan. 18, 2029 linked to the performance of a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket comprised the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, all with equal weights.

The payout at maturity will be par plus 1.15 times any basket gain, subject to a maximum return of par plus 70%.

Otherwise, investors will receive par.

BMO Capital Markets Corp. is the agent.

Issuer:Bank of Montreal
Issue:Market-linked notes
Underlying basket:S&P 500 index, Euro Stoxx 50 index, Russell 2000 index, equal weights
Amount:$2,244,000
Maturity:Jan. 18, 2029
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.15 times any basket gain up to 70%; otherwise, par
Initial basket level:4,783.83 for S&P 500, 4,480.02 for Stoxx, 1,950.964 for Russell
Pricing date:Jan. 12
Settlement date:Jan. 18
Agent:BMO Capital Markets Corp.
Fees:0.625%
Cusip:06375MSN6

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