share_log

424B2: Prospectus

SEC ·  Mar 14 19:57

Summary by Futu AI

Bank of Montreal announces new Capped Leveraged Buffered S&P 500 Index-Linked Notes with 200% upside participation rate and maturity expected within 25-28 months. The notes offer potential returns up to a maximum settlement amount between $1,213.40 and $1,251.00 per $1,000 principal.The notes provide principal protection if the S&P 500 Index declines by up to 15% from initial level, but investors risk losing approximately 1.1765% of principal for every 1% decline beyond 15%. The notes feature a buffer level at 85% of initial index level and do not pay periodic interest.The estimated initial value of notes will range from $969.00 to $999.00 per $1,000 principal amount, below the issue price. BMO Capital Markets Corp. serves as calculation agent, with notes expected to be issued around March 2025.
Bank of Montreal announces new Capped Leveraged Buffered S&P 500 Index-Linked Notes with 200% upside participation rate and maturity expected within 25-28 months. The notes offer potential returns up to a maximum settlement amount between $1,213.40 and $1,251.00 per $1,000 principal.The notes provide principal protection if the S&P 500 Index declines by up to 15% from initial level, but investors risk losing approximately 1.1765% of principal for every 1% decline beyond 15%. The notes feature a buffer level at 85% of initial index level and do not pay periodic interest.The estimated initial value of notes will range from $969.00 to $999.00 per $1,000 principal amount, below the issue price. BMO Capital Markets Corp. serves as calculation agent, with notes expected to be issued around March 2025.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Comment Comment · Views 290

Recommended