Summary by Moomoo AI
Bank of Montreal has issued $3 million in Autocallable Barrier Notes with Memory Coupons due April 09, 2026. The notes are linked to the performance of the Russell 2000 Index, NASDAQ-100 Index, and VanEck Gold Miners ETF.The notes offer a contingent monthly coupon of 1.2708% (15.25% per annum) if each underlying asset closes at or above its coupon barrier on the observation date. They feature automatic early redemption starting July 2025 if all assets close above their initial levels. At maturity, investors risk losing principal if any asset closes below 65% of its initial level during the monitoring period and ends below its initial level.BMO Capital Markets is the selling agent for this offering. The notes are subject to the credit risk of Bank of Montreal and will not be subject to conversion under the Canada Deposit Insurance Corporation Act.
