Summary by Futu AI
Bank of Montreal is offering Autocallable Barrier Notes with Contingent Coupons due July 21, 2026, linked to Amazon.com stock. The notes will pay a monthly contingent coupon of 0.6667% (8.00% p.a.) if Amazon's stock closes at or above 65% of its initial level on observation dates. Notes will be automatically redeemed if Amazon stock closes above its initial level on any monthly observation date from July 2025.If not automatically redeemed, at maturity investors will receive $1,000 per note if Amazon stock is at or above 65% of its initial level. Otherwise, investors will receive shares of Amazon stock or cash equivalent worth less than $1,000, based on stock's final level. The notes do not guarantee return of principal.BMO Capital Markets is the selling agent, with up to 2.40% commission. The estimated initial value is $969.50 per $1,000 note. The notes involve significant risks and are not suitable for all investors. BMO's credit ratings may affect the notes' market value.