Summary by Futu AI
Bank of Montreal has issued $500,000 in Autocallable Barrier Notes with Contingent Coupons due December 31, 2027. The notes are linked to the performance of the Dow Jones Industrial Average, Russell 2000 Index, and S&P 500 Index.The notes offer a contingent quarterly coupon of 1.75% (7.00% p.a.) if each index closes at or above 70% of its initial level on observation dates. Starting December 2025, notes will be automatically redeemed if all indices close above their initial levels. If not called and any index closes below 70% of its initial level at maturity, investors risk losing principal.The notes are priced at 100% of face value with a 2.60% selling concession. They are unsecured obligations of Bank of Montreal and not insured by any deposit insurance agency. The estimated initial value is $963.48 per $1,000 principal amount.