Summary by Futu AI
Bank of Montreal has issued $3,334,000 in Autocallable Barrier Notes with Contingent Coupons due December 31, 2027. The notes are linked to the performance of the Nasdaq-100 Technology Sector Index, Russell 2000 Index, and S&P 500 Index.The notes will pay a monthly contingent coupon of 0.925% (11.10% per annum) if each index closes at or above its 70% Coupon Barrier Level on the observation date. Starting June 2025, the notes will be automatically redeemed if all indices close above their initial levels. If not called and no Trigger Event occurs, investors receive full principal at maturity. A Trigger Event occurs if any index closes below 70% of its initial level on the final valuation date.The notes involve significant risks, including potential loss of principal. Investors should carefully consider the terms and risks before investing. BMO Capital Markets is the selling agent for this offering.