New Issue: BMO prices $483,000 contingent digital return barrier notes on S&P 500

Chicago, Aug. 29 – Bank of Montreal priced $483,000 of 0% contingent digital return barrier notes due Sept. 25, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its barrier level, 68% of initial level, the payout at maturity will be par plus 9.1%. Investors will be fully exposed to the decline otherwise.

BMO Capital Markets Corp. is the placement agent.

Issuer:	Bank of Montreal
Issue:	Contingent digital return barrier notes
Underlying index:	S&P 500 index
Amount:	$483,000
Maturity:	Sept. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index final level is greater than or equal to its barrier level, the payout at maturity will be par plus 9.1%; otherwise, full exposure to index decline from initial level
Initial level:	4,228.48
Barrier level:	2,875.37; 68% of initial level
Pricing date:	Aug. 19, 2022
Settlement date:	Aug. 24, 2022
Underwriter:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06368GZX8

© 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.