Summary by Moomoo AI
Bank of Montreal has issued $1.1 million in Autocallable Barrier Notes due December 31, 2027, linked to the common stock of Albemarle Corporation. The notes offer a quarterly interest rate of 2.675% (approximately 10.70% per annum) and feature an automatic redemption mechanism starting December 26, 2025.The notes do not guarantee return of principal at maturity. If not automatically redeemed, the payment at maturity will be based on Albemarle's stock performance. Investors risk losing principal if the stock's final level falls below 50% of its initial level. The notes' initial estimated value is $957.61 per $1,000 principal amount.BMO Capital Markets Corp. is acting as the selling agent, with a 2.85% commission. The notes are subject to Bank of Montreal's credit risk and are not insured by any governmental agency. Investors should carefully consider the risks before investing in these complex securities.
