Summary by Futu AI
Bank of Montreal has issued $2.993 million in Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due June 24, 2026, linked to the S&P 500 Index. The notes offer 150% leveraged upside participation in the S&P 500, subject to a maximum return of 9.50%.The notes provide principal protection against the first 20% of index declines. Beyond that, investors will lose 1% for each 1% decline in the index below 80% of its initial level, with potential losses capped at 80% of principal. The notes do not pay interest and will not be listed on any securities exchange.BMO Capital Markets Corp. is acting as the agent for this offering. The notes have a CUSIP of 06376CEA0 and will be issued in minimum denominations of $1,000. All payments are subject to Bank of Montreal's credit risk.