New Issue: Bank of Montreal prices $340,000 market-linked notes linked to S&P

By Angela McDaniels

Tacoma, Wash., March 14 – Bank of Montreal priced $340,000 of 0% market-linked notes due Dec. 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 9.5%.

If the final index level is less than or equal to the initial index level, the payout will be par.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes
Underlying index:	S&P 500 index
Amount:	$340,000
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to maximum return of 9.5%; otherwise, par
Initial level:	4,378.41
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Agent:	BMO Capital Markets Corp.
Fees:	1.2691%
Cusip:	06374VWU6

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