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424B2: Prospectus

SEC ·  Mar 14 19:18

Summary by Futu AI

Bank of Montreal announced the issuance of $1.251 billion Senior Medium-Term Notes due March 18, 2030, linked to the performance of the S&P 500 Index. The notes offer 1-to-1 positive return based on S&P 500 appreciation, capped at 105.10% maximum return, with a buffer protection against the first 20% of index decline.The notes feature a unique downside protection mechanism - if the Final Level is between 80-100% of Initial Level, investors receive a positive return equal to the percentage decline. However, if the index falls more than 20% from Initial Level, investors will lose 1% for each 1% decline beyond the 20% buffer, with maximum loss potential of 80%.Priced at 100% of principal amount with 0.50% agent commission, the notes will be issued in $1,000 denominations. BMOCM serves as the agent, with certain dealers eligible for up to 0.45% referral fees. The notes' estimated initial value is $968.24 per $1,000 principal amount.
Bank of Montreal announced the issuance of $1.251 billion Senior Medium-Term Notes due March 18, 2030, linked to the performance of the S&P 500 Index. The notes offer 1-to-1 positive return based on S&P 500 appreciation, capped at 105.10% maximum return, with a buffer protection against the first 20% of index decline.The notes feature a unique downside protection mechanism - if the Final Level is between 80-100% of Initial Level, investors receive a positive return equal to the percentage decline. However, if the index falls more than 20% from Initial Level, investors will lose 1% for each 1% decline beyond the 20% buffer, with maximum loss potential of 80%.Priced at 100% of principal amount with 0.50% agent commission, the notes will be issued in $1,000 denominations. BMOCM serves as the agent, with certain dealers eligible for up to 0.45% referral fees. The notes' estimated initial value is $968.24 per $1,000 principal amount.

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