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BMO Harris to sell seven-year CDs tied to S&P 500, Euro Stoxx 50 basket
By Marisa Wong
Morgantown, W.Va., May 23 – BMO Harris Bank NA plans to price certificates of deposit due May 29, 2026 linked to an equally weighted basket of the S&P 500 index and the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus 1.3 times any basket gain, capped at 70%. If the basket declines, the payout will be par.
BMO Capital Markets Corp. is the agent. Advisors Asset Management is distributor.
The CDs will price on May 28.
The Cusip number is 05581WS89.
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