Chicago, June 21 – Bank of Montreal priced $205,000 of 0% autocallable market-linked notes due June 5, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an 8% call premium if the index closes at or above its initial level on Dec. 2, 2024.
The payout at maturity will be par plus 175% of any index gain.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | S&P 500 index
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| Amount: | $205,000
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| Maturity: | June 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 175% of any index gain; otherwise, par
|
| Call: | Automatically at par plus an 8% call premium if the index closes at or above initial level on Dec. 2, 2024
|
| Initial index level: | 4,179.83
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 0.3232%
|
| Cusip: | 06374VUF1
|
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