Summary by Futu AI
Bank of Montreal is offering Senior Medium-Term Notes due March 4, 2026, linked to the NASDAQ-100 Index. The notes provide 200% leveraged upside exposure to index gains, capped at a maximum return of 11.50%. Investors are protected against losses up to a 15% decline in the index.If the index falls more than 15%, investors will lose 1% for each 1% decline beyond 15%, with potential losses up to 85% of principal. The notes will be issued in $1,000 denominations with CUSIP 06376CPQ3. BMO Capital Markets Corp. is acting as the agent for this offering.The estimated initial value of the notes is $983.50 per $1,000 principal amount, subject to a minimum of $935.00. All payments are subject to Bank of Montreal's credit risk. The notes will not be listed on any securities exchange or subject to CDIC Act conversion provisions.