Summary by Moomoo AI
Bank of Montreal has issued $696,000 in Senior Medium-Term Notes linked to Tesla stock, due January 3, 2028. The notes offer 1-to-1 positive return based on Tesla stock appreciation, capped at a 124% maximum return. Investors face potential losses if Tesla stock declines over 30% from initial level.The notes have a 100% upside leverage factor and 30% downside buffer. BMOCM is the selling agent, with a 3.75% commission. The initial estimated value is $921.81 per $1,000 principal. The notes are subject to Bank of Montreal's credit risk and will not be listed on any securities exchange.Investors should note limited liquidity, potential conflicts of interest, and uncertain tax treatment. The notes are intended for investors seeking exposure to Tesla stock with downside protection, but cap upside potential and do not provide interest payments.
