Published on 2/11/2024 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $513,000 digital return notes linked to Euro Stoxx 50
Chicago, Feb. 11 – Bank of Montreal priced $513,000 of 0% digital return notes due May 31, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is greater than or equal to its initial level, the payout at maturity will be par plus 34%. Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Digital return notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $513,000
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| Maturity: | May 31, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus 34%; par otherwise
|
| Initial index level: | 4,269.64
|
| Pricing date: | May 25, 2023
|
| Settlement date: | May 31, 2023
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 3.5%
|
| Cusip: | 06374VUE4
|
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