Summary by Futu AI
Bank of Montreal has issued $2,237,000 in Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 30, 2026. The notes are linked to the Russell 2000® Index and offer 200% leveraged upside potential, subject to a maximum return of 14%.The notes provide a 15% buffer against losses, with investors losing 1% for every 1% decline in the index beyond 15%. The maximum loss is 85% 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, with no commission charged. The estimated initial value of the notes is $989.16 per $1,000 principal amount. The notes are subject to Bank of Montreal's credit risk and certain tax and regulatory considerations.