Published on 2/24/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $216,000 market linked notes on S&P
By Kiku Steinfeld
Chicago, Feb. 24 – Bank of Montreal priced $216,000 of 0% market linked notes due Nov. 23, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index gain, capped at 81.35%. Otherwise, investors will receive par.
BMO Capital Markets Corp. is the selling agent.
| Issuer: | Bank of Montreal
|
| Issue: | Market linked notes
|
| Underlying index: | S&P 500 index
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| Amount: | $216,000
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| Maturity: | Nov. 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain, capped at 81.35%; otherwise, par
|
| Initial level: | 3,965.34
|
| Pricing date: | Nov. 18, 2022
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| Settlement date: | Nov. 23, 2022
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 2%
|
| Cusip: | 06374VED4
|
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