Published on 4/10/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.51 million market-linked notes linked to Nasdaq-100
By William Gullotti
Buffalo, N.Y., April 10 – Bank of Montreal priced $1.51 million of 0% market-linked notes due Dec. 31, 2024 linked to the performance of the Nasdaq-100 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 12.8%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Market-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $1,509,000
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Maturity: | Dec. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain up to 12.8%; otherwise, par
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Initial index level: | 12,610.57
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.3141%
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Cusip: | 06374VPV2
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