Published on 4/6/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $2.41 million market-linked notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., April 6 – Bank of Montreal priced $2.41 million of 0% market-linked notes due March 31, 2027 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 any index gain, subject to a maximum return of par plus 36%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,405,000
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| Maturity: | March 31, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain up to 36%; otherwise, par
|
| Initial index level: | 3,971.27
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 2.7033%
|
| Cusip: | 06374VPA8
|
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