Published on 4/29/2024 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.13 million market-linked notes linked to S&P 500
Chicago, April 29 – Bank of Montreal priced $1.13 million of 0% market-linked notes due Jan. 30, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 17.1%.
Otherwise, investors will receive par.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,134,000
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Maturity: | Jan. 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain up to 17.1%; otherwise, par
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Initial index level: | 4,868.55
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Strike date: | Jan. 24
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.25%
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Cusip: | 06375MTZ8
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