Summary by Moomoo AI
Bank of Montreal has issued $412,000 in Senior Medium-Term Notes, Series I Market Linked Notes due January 04, 2030. The notes are linked to the performance of the S&P 500® Equal Weight Index, offering 1-to-1 positive return based on index appreciation, subject to a maximum redemption amount of $1,551.00 per $1,000 principal (55.10% return).The notes do not bear interest and will not be listed on any securities exchange. If the index decreases, investors will receive the principal amount at maturity. BMO Capital Markets Corp. is acting as the agent for this offering. The notes have a CUSIP of 06376CQX7 and will be issued in minimum denominations of $1,000.Investors should note that the notes are subject to Bank of Montreal's credit risk and are not insured by any governmental agency. The estimated initial value of the notes is $960.52 per $1,000 principal amount. S&P Dow Jones Indices LLC disclaims any responsibility for the notes and the S&P 500® Equal Weight Index is licensed for use by Bank of Montreal.
