Summary by Futu AI
Bank of Montreal has issued $438,000 in Autocallable Barrier Notes with Contingent Coupons due June 24, 2026, linked to the Russell 2000® Index and S&P 500® Index. The notes offer monthly contingent coupons of 0.6167% (7.40% p.a.) if both indices close above 80% of their initial levels on observation dates.Starting June 2025, notes will be automatically redeemed if both indices close above their initial levels on any monthly observation date. If not redeemed and either index closes below 80% of its initial level at maturity, investors will lose 1% for each 1% decline in the worst-performing index.The notes are subject to Bank of Montreal's credit risk and will not be listed on any securities exchange. BMO Capital Markets Corp. is the agent for this offering. The estimated initial value of the notes is $957.48 per $1,000 principal amount.