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424B2: Prospectus

SEC ·  Dec 31, 2024 05:25

Summary by Futu AI

Bank of Montreal has issued $825,000 in Barrier Enhanced Return Notes due December 31, 2029, linked to the Invesco S&P 500 Equal Weight ETF. The notes offer 101.70% leveraged upside participation with a 30% downside buffer.The notes do not pay interest and are not listed on any exchange. At maturity, investors will receive the principal amount plus 101.70% of any positive return in the ETF, subject to the bank's credit risk. If the ETF declines more than 30%, investors will lose 1% for each 1% decline beyond the 30% buffer.BMO Capital Markets is acting as the agent for this offering, with a total commission of 2.70%. The estimated initial value of the notes is $940.42 per $1,000 principal amount. Investors should carefully consider the risks, including potential loss of principal, before investing.
Bank of Montreal has issued $825,000 in Barrier Enhanced Return Notes due December 31, 2029, linked to the Invesco S&P 500 Equal Weight ETF. The notes offer 101.70% leveraged upside participation with a 30% downside buffer.The notes do not pay interest and are not listed on any exchange. At maturity, investors will receive the principal amount plus 101.70% of any positive return in the ETF, subject to the bank's credit risk. If the ETF declines more than 30%, investors will lose 1% for each 1% decline beyond the 30% buffer.BMO Capital Markets is acting as the agent for this offering, with a total commission of 2.70%. The estimated initial value of the notes is $940.42 per $1,000 principal amount. Investors should carefully consider the risks, including potential loss of principal, before investing.

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