By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – Bank of Montreal priced $1.19 million of 0% autocallable market-linked notes due Nov. 9, 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 redeemed at par plus 8.2% if the index closes at or above its initial level on Nov. 7, 2024.
The payout at maturity will be par plus 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
|
| Amount: | $1,192,000
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| Maturity: | Nov. 9, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | Par plus 8.2% if the index closes at or above its initial level on Nov. 7, 2024
|
| Initial index level: | 4,317.78
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 7
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 0.75%
|
| Cusip: | 06375MHP3
|
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