Published on 9/15/2023 in the Prospect News Structured Products Daily.
New Issue: BMO prices $436,000 market-linked notes on Russell 2000
Chicago, Sept. 15 – Bank of Montreal priced $436,000 of 0% market-linked notes due Sept. 8, 2026 linked to the performance of the Russell 2000 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 36.5%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Market-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $436,000
|
| Maturity: | Sept. 8, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain up to 52%; otherwise, par
|
| Initial index level: | 1,844.115
|
| Pricing date: | Aug. 31, 2022
|
| Settlement date: | Sept. 6, 2022
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 1%
|
| Cusip: | 06368GYT8
|
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