Chicago, Nov. 3 – Bank of Montreal priced $1.26 million of 0% market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside due Nov. 3, 2025 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus the return of the index capped at 18.8% if the index finishes positive.
Investors will receive par plus the absolute return of the index if the index declines but finishes above 80% of its initial level.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 20% buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $1,260,000
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| Maturity: | Nov. 3, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return capped at 18.8% if index finishes positive; par plus absolute return if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 20% buffer
|
| Initial index level: | 14,180.42
|
| Buffer level: | 11,344.336, 80% of initial level
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| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.58%
|
| Cusip: | 06375MFT7
|
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