Summary by Futu AI
Bank of Montreal has issued $1.989 million in Autocallable Barrier Notes with Contingent Coupons due January 23, 2026, linked to NVIDIA Corporation stock. The notes offer monthly contingent coupons of 1.1875% (14.25% p.a.) if NVIDIA's stock closes above the 57% coupon barrier level on observation dates.Beginning June 2025, notes will be automatically redeemed if NVIDIA stock closes above the initial level. If not redeemed and NVIDIA stock closes below 57% of initial level at maturity, investors risk losing principal. The notes are priced at 100% with a 0.65% agent commission.BMO Capital Markets is the selling agent. The notes are subject to Bank of Montreal's credit risk and are not insured by any deposit insurance agency. The estimated initial value is $973.44 per $1,000 principal amount.