Summary by Moomoo AI
Bank of Montreal has issued $2.099 million in Autocallable Barrier Notes with Memory Coupons due December 31, 2027, linked to Weatherford International plc stock. The notes offer potential quarterly coupons of 2.5125% (10.05% p.a.) if Weatherford's stock closes at or above the 50% coupon barrier level on observation dates.Starting June 2025, notes will be automatically redeemed if Weatherford's stock closes above the initial level on any quarterly observation date. If not called early, repayment at maturity depends on Weatherford's final stock price. Investors face potential loss of principal if the stock falls below 50% of its initial level.The notes are priced at 100% of face value, with BMOCM receiving a 2.50% commission. The estimated initial value is $950.81 per $1,000 principal amount. The offering highlights Bank of Montreal's continued activity in structured products linked to energy sector equities.
