New Issue: BMO prices $248,000 autocallable market linked notes on S&P 500

By Kiku Steinfeld

Chicago, Jan. 8 – Bank of Montreal priced $248,000 of 0% autocallable market linked notes due April 28, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 4.72% if the index closes above its initial level on Oct. 28, 2025.

If the notes are not called, and the index closes above its initial level, the payout out maturity will be double the 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
Amount:	$248,000
Maturity:	April 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Double any gain; par otherwise
Call:	Automatically par plus 4.72% if the index closes above its initial level on Oct. 28, 2025
Initial level:	4,071.63
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	BMO Capital Markets Corp.
Fees:	3.1336%
Cusip:	06374VSE7

© 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.