Bank of Montreal has issued $2.919 million in Autocallable Barrier Enhanced Return Notes due December 29, 2028, linked to the S&P 500 Index. The notes offer 115% leveraged upside potential if not automatically redeemed early, with a 25% downside buffer.The notes will be automatically redeemed on December 31, 2025, if the S&P 500 closes above its initial level, paying principal plus an 8% per annum return. If not redeemed early, at maturity investors receive full principal unless the S&P 500 declines more than 25%, in which case losses occur at a 1-to-1 ratio below the 25% buffer.The notes do not pay interest and are subject to Bank of Montreal's credit risk. BMO Capital Markets is acting as agent for the offering, receiving a 2.5% commission. The notes' estimated initial value is $959.39 per $1,000 principal amount.

Bank of Montreal has issued $2.919 million in Autocallable Barrier Enhanced Return Notes due December 29, 2028, linked to the S&P 500 Index. The notes offer 115% leveraged upside potential if not automatically redeemed early, with a 25% downside buffer.The notes will be automatically redeemed on December 31, 2025, if the S&P 500 closes above its initial level, paying principal plus an 8% per annum return. If not redeemed early, at maturity investors receive full principal unless the S&P 500 declines more than 25%, in which case losses occur at a 1-to-1 ratio below the 25% buffer.The notes do not pay interest and are subject to Bank of Montreal's credit risk. BMO Capital Markets is acting as agent for the offering, receiving a 2.5% commission. The notes' estimated initial value is $959.39 per $1,000 principal amount.