Published on 10/3/2022 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.07 million market-linked notes linked to Russell 2000
By William Gullotti
Buffalo, N.Y., Oct. 3 – Bank of Montreal priced $1.07 million of 0% market-linked notes due Oct. 5, 2026 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 38.4%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Market-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1,067,000
|
| Maturity: | Oct. 5, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain up to 38.4%; otherwise, par
|
| Initial index level: | 1,715.243
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 1%
|
| Cusip: | 06374V4F0
|
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