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.
Bank of Montreal is offering $572,000 in Autocallable Barrier Notes with Memory Coupons due June 26, 2028, linked to the performance of Best Buy (BBY), Advance Auto Parts (AAP), and Lyft (LYFT).
Key features include:
- Monthly contingent coupons of 2.0833% (25% annually) if each stock closes above its barrier level
- Memory feature allows recovery of previously missed coupons
- Automatic early redemption starting December 2025 if all stocks close above their initial levels
- Principal at risk - If any stock falls below 50% of initial level at maturity, investors receive shares of worst-performing stock
Initial stock levels: BBY $69.39, AAP $48.23, LYFT $14.95. Barrier levels set at 50% of initial prices. Notes priced at 100% with estimated initial value of $956.13 per $1,000. BMOCM serves as calculation agent and selling agent.