Published on 8/7/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $10,000 market-linked notes tied to stock basket
Chicago, Aug. 7 – Bank of Montreal priced $10,000 of 0% market-linked notes due July 31, 2026 linked to an equally-weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the shares of Cintas Corp., Edwards Lifesciences Corp., Freeport-McMoRan Inc., Intuitive Surgical, Inc., KLA Corp., ServiceNow, Inc., Prologis, Inc., Roper Technologies, Inc., Schlumberger NV and Synopsys, Inc., each with a 10% weight.
If the basket return is positive, the payout at maturity will be par plus 125% of the return of the basket up to par plus 27%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the selling agent.
Issuer: | Bank of Montreal
|
Issue: | Market-linked notes
|
Underlying basket: | Cintas Corp., Edwards Lifesciences Corp., Freeport-McMoRan Inc., Intuitive Surgical, Inc., KLA Corp., ServiceNow, Inc., Prologis, Inc., Roper Technologies, Inc., Schlumberger NV and Synopsys, Inc.; each with a 10% weight
|
Amount: | $10,000
|
Maturity: | July 31, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket return is positive, par plus 125% of basket return up to par plus 27%; otherwise, par
|
Initial levels: | $516.52 for Cintas, $91.63 for Edwards, $43.41 for Freeport, $329.37 for Intuitive, $457.85 for KLA, $577.27 for ServiceNow, $129.28 for Prologis, $493.85 for Roper, $57.67 for Schlumberger, $449.33 for Synopsys
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Selling agent: | BMO Capital Markets Corp.
|
Fees: | 2%
|
Cusip: | 06375M2D6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.