Summary by Moomoo AI
Bank of Montreal has issued senior medium-term notes linked to Lululemon Athletica stock, due December 23, 2027. The securities offer contingent quarterly coupon payments at 11.90% per annum if Lululemon's stock price is at or above the 70% coupon threshold.The notes feature an automatic call provision if the stock price equals or exceeds the starting value on quarterly calculation days from March 2025 to September 2027. At maturity, investors face full downside exposure if Lululemon's stock price falls below 70% of the starting value.The securities have an estimated initial value of $954.98 per $1,000 face amount. Wells Fargo Securities is acting as distribution agent. The notes are subject to Bank of Montreal's credit risk and are not insured by any governmental agency.
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