Summary by Futu AI
Bank of Montreal announced the issuance of $250,000 Senior Medium-Term Notes, Series I Autocallable Barrier Notes due March 17, 2028. The notes are linked to the performance of Meta Platforms, Alphabet, and NVIDIA stocks, offering monthly contingent coupons at 1.5208% (18.25% per annum) if each stock closes above its barrier level.The notes feature an automatic redemption mechanism starting September 2025 if all reference stocks close above their initial levels. The principal is at risk, with investors potentially losing 1% for each 1% decline in the worst-performing stock if it falls below 50% of its initial level at maturity. The initial estimated value is $976.29 per $1,000 principal amount.BMO Capital Markets acts as the calculation agent and selling agent, with a 0.50% commission. The notes are unsecured obligations of Bank of Montreal and will not be listed on any securities exchange.
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