New Issue: BMO prices $412,000 digital return notes linked to S&P 500

By Kiku Steinfeld

Chicago, April 24 – Bank of Montreal priced $412,000 of 0% digital return notes due De. 29, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s return is greater than or equal to its initial level, the payout at maturity will be par plus 22.3%.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

BMO Capital Markets is the selling agent.

Issuer:	Bank of Montreal
Issue:	Digital return notes
Underlying index:	S&P 500 index
Amount:	$412,000
Maturity:	Dec. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index’s return is greater than or equal to initial level, par plus 22.3%; otherwise, 1% loss for every 1% that the index declines from initial level
Initial level:	3,822.39
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	BMO Capital Markets
Fees:	0.75%
Cusip:	06374VGA8

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