By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – Bank of Montreal priced $1.1 million of 0% market-linked notes due Aug. 11, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain up to 27.8%.
Investors will receive par if the index falls or is flat.
BMO Capital Markets Corp. is the selling agent.
| Issuer: | Bank of Montreal
|
| Issue: | market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.1 million
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| Maturity: | Aug. 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any gain of the index up to 27.8%; par if the index falls or is flat
|
| Initial index level: | 4,151.94
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 9
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| Selling agent: | BMO Capital Markets Corp.
|
| Fees: | 1.75%
|
| Cusip: | 06368GZK6
|
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