Summary by Futu AI
Bank of Montreal has issued $1.09 million in Autocallable Barrier Notes with Contingent Coupons due July 6, 2026, linked to NVIDIA Corporation stock. The notes offer monthly contingent coupons of 1.325% (15.90% p.a.) if NVIDIA's stock closes above 60% of its initial level on observation dates.Beginning April 2025, notes will be automatically redeemed if NVIDIA stock closes above its initial level on any monthly observation date. If not redeemed early, payment at maturity depends on NVIDIA's final stock price. Investors risk losing principal if the stock falls below 60% of its initial level at maturity.The notes are subject to Bank of Montreal's credit risk and may lack liquidity. BMO Capital Markets is acting as selling agent, with a 1.875% commission. The estimated initial value of $967.38 per $1,000 principal is less than the public offering price.