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Key features include:
- 25% downside buffer protection - investors receive positive returns if the least performing index declines up to 25%
- Maximum downside redemption amount of $1,250 per $1,000 principal
- Potential loss of up to 75% of principal if least performing index declines more than 25%
- Initial levels: S&P 500 at 6,025.17 and NASDAQ-100 at 21,856.33
The notes were priced at 100% with a 0.75% agent commission. Initial estimated value is $983.77 per $1,000 principal. The securities are unsecured obligations of Bank of Montreal and not FDIC insured. Primary risks include potential principal loss, limited upside participation, and exposure to the worst-performing index only.
Bank of Montreal has issued $1,005,000 in Contingent Risk Absolute Return Buffer Notes due June 30, 2027, linked to the performance of the S&P 500® and NASDAQ-100 indices. The notes offer:
- 1-to-1 positive return based on the least performing index, capped at 27.50% maximum return ($1,275 per $1,000)
- Positive return equal to the percentage decline if the least performing index falls up to 20%, capped at 20% return ($1,200 per $1,000)
- Loss exposure of 1% for every 1% decline beyond 20% buffer, with potential loss up to 80% of principal
- Initial index levels: S&P 500 at 6,025.17 and NASDAQ-100 at 21,856.33
- Buffer levels: S&P 500 at 4,820.14 and NASDAQ-100 at 17,485.06
The notes carry credit risk of Bank of Montreal, offer no interest payments, and are not listed on any exchange. The estimated initial value is $987.17 per $1,000 principal amount.
Bank of Montreal has filed a Free Writing Prospectus for Callable Buffer Notes with Contingent Coupons due July 09, 2027, linked to the Russell 2000® Index and Nasdaq-100 Technology Sector Index. The notes offer:
- Monthly contingent coupon payments of 0.6125% (approximately 7.35% per annum) if both reference assets close at or above their 80% Coupon Barrier Levels
- Issuer call feature beginning January 06, 2026, allowing Bank of Montreal to redeem notes quarterly
- Principal protection at maturity if neither reference asset declines below 80% of initial level (Buffer Level)
- Risk of principal loss if any reference asset closes below Buffer Level at maturity, losing 1% for each 1% decline beyond 20% buffer
Key features include $1,000 minimum denominations, estimated initial value of $949.40 per $1,000 principal amount, and agent's commission up to 2.65%. Notes are unsecured obligations of Bank of Montreal and will not be listed on any securities exchange.
Bank of Montreal has issued $712,000 of Autocallable Buffer Notes with Memory Coupons due June 26, 2028, linked to the performance of Crocs (CROX), Target (TGT), and Abercrombie & Fitch (ANF).
Key features include:
- Monthly contingent coupon payments of 1.175% (14.10% annually) if all reference assets close at or above their 50% barrier levels
- Automatic early redemption starting June 2026 if all reference assets close above initial levels
- 40% downside buffer at maturity
- Risk of principal loss if any reference asset falls below 60% of initial level at maturity
Initial levels are set at: CROX: $98.52, TGT: $95.54, ANF: $78.02. The notes are priced at 100% with estimated initial value of $978.16 per $1,000 principal. BMO Capital Markets serves as calculation agent and selling agent, with a 0.85% commission.