Summary by Moomoo AI
Bank of Montreal has issued $1.201 million in Autocallable Barrier Notes due July 2, 2027. The notes are linked to the performance of the Nasdaq-100 Technology Sector Index, S&P 500 Index, and Utilities Select Sector SPDR Fund.The notes offer a contingent monthly coupon of 0.6725% (8.07% per annum) if each underlying asset closes at or above 60% of its initial level. Starting March 2025, the notes will be automatically redeemed if all assets close above their initial levels on any monthly observation date. If not called and no asset closes below 50% of its initial level at maturity, investors receive full principal. Otherwise, investors face 1:1 losses based on the worst-performing asset.BMO Capital Markets is the selling agent for this offering. The notes involve risks including potential loss of principal and are subject to Bank of Montreal's credit risk. Investors should carefully consider the terms and risks before investing.
