Chicago, March 11 – Bank of Montreal priced $4.49 million of 0% autocallable barrier enhanced return notes due March 6, 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 called automatically at par plus a 9.4% call premium if the index closes at or above its initial level on March 7, 2025.
The payout at maturity will be par plus 200% of any index gain.
Investors will receive par if the index falls by up to 35% and will lose 1% for each 1% of index decline if it falls by more than 35%.
BMO Capital Markets Corp. is the selling agent.
Issuer: | Bank of Montreal
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Issue: | Autocallable barrier enhanced return notes
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Underlying index: | S&P 500 index
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Amount: | $4,492,000
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Maturity: | March 6, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain of the index; par if the index falls by up to 35%; otherwise, full exposure to index decline from initial level
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Call: | Automatically at par plus 9.4% call premium if the index closes at or above its initial level on March 7, 2025
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Initial index level: | 5,137.08
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Barrier level: | 3,339.10; 65% of initial level
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Pricing date: | March 1
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Settlement date: | March 6
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Selling agent: | BMO Capital Markets Corp.
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Fees: | 0%
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Cusip: | 06375MXW0
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