Bank of Montreal has issued $1,000,000 in Autocallable Barrier Notes with Memory Coupons due June 30, 2028, linked to the performance of three indices: Russell 2000, Nasdaq-100 Technology Sector, and Dow Jones Industrial Average.
Key features include:
- Monthly contingent coupon payments of 0.8667% (10.40% annually) if all reference assets close above their barrier levels
- Memory coupon feature allowing recovery of previously missed payments
- Automatic early redemption starting June 2026 if all indices exceed their initial levels
- Risk of principal loss if any index falls below 70% of initial level at maturity
- Initial estimated value of $964.33 per $1,000 principal amount
The notes carry significant risks including potential loss of principal, no direct investment in the indices, and dependence on Bank of Montreal's credit. Trading at $1,000 per note with 1% agent commission, these structured products are designed for investors seeking high yield potential while accepting market risk.
Bank of Montreal has issued $3.8 million in Digital Return Buffer Notes due July 23, 2026, linked to the S&P 500® Index. The notes offer investors a potential 11% digital return if the index's final level is greater than or equal to its initial level of 6,092.18.
Key features include:
- 10% downside buffer protection - investors only start losing principal if index declines more than 10%
- Maximum loss potential of 90% of principal
- Notes priced at $1,000 per denomination with initial estimated value of $991.16
- No interest payments or listing on securities exchange
Risk factors include credit risk of Bank of Montreal, limited upside potential capped at 11% return regardless of index performance, and potential loss of principal if index declines more than 10%. The notes are not equivalent to direct investment in the S&P 500 and do not provide voting rights or dividends from underlying securities.
Bank of Montreal has issued $121,000 of Autocallable Barrier Notes linked to Tesla (TSLA) stock, due June 30, 2028. The notes offer quarterly contingent coupons of 4.00% (16.00% per annum) if Tesla's stock closes above the Coupon Barrier Level of $163.78 (50% of initial level) on observation dates.
Key features include:
- Initial Tesla stock price: $327.55
- Automatic early redemption starting December 2025 if stock price exceeds initial level
- No principal protection - investors lose 1% for each 1% decline in Tesla stock if it falls below Trigger Level
- Notes priced at 100% with 4% agent commission
- Estimated initial value: $945.52 per $1,000 principal
These structured notes carry significant risks including potential loss of principal, no guaranteed coupon payments, and credit risk of Bank of Montreal. They are not listed on any exchange and not equivalent to direct Tesla stock investment.
Bank of Montreal has issued $71,000 of Contingent Risk Absolute Return Barrier Notes due July 1, 2030, linked to the performance of the S&P 500, NASDAQ-100, and Dow Jones Industrial Average indices. The notes offer 125% leveraged upside exposure to the least performing index.
Key features include:
- If no Barrier Event occurs (30% decline threshold) and the least performing index declines, investors receive positive returns up to 30%
- Maximum downside redemption amount of $1,300 per $1,000 principal
- If a Barrier Event occurs, investors lose 1% for each 1% decline in the least performing index
- Initial offering price of 100% with 3.325% agent commission
- Estimated initial value of $932.94 per $1,000 principal
The notes carry significant risks including potential loss of principal, limited participation in negative performance, and exposure only to the worst-performing index. They do not pay interest and are subject to Bank of Montreal's credit risk.