Summary by Moomoo AI
Bank of Montreal has issued $3,965,000 in Autocallable Barrier Notes with Contingent Coupons due December 31, 2027. The notes are linked to the performance of the S&P 500 Index, NASDAQ-100 Index, and Russell 2000 Index.The notes offer a contingent quarterly coupon of 2.00% (8.00% per annum) if each index closes at or above its 75% coupon barrier level on the observation date. Starting June 25, 2025, the notes will be automatically redeemed if all indices close above their initial levels. If not called and no trigger event occurs, investors receive full principal at maturity. However, if any index closes below 60% of its initial level at maturity, investors will lose 1% for each 1% decline in the worst-performing index.BMO Capital Markets is acting as the selling agent for this offering. The notes are subject to the credit risk of Bank of Montreal and are not insured by any governmental agency.
