BMO Harris to sell four-year CDs tied to S&P 500, Euro Stoxx 50 basket

By Marisa Wong

Morgantown, W.Va., March 25 – BMO Harris Bank NA plans to price certificates of deposit due March 31, 2023 linked to an equally weighted basket of the S&P 500 index and the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus any basket gain, capped at 36%. If the basket declines, the payout will be par.

BMO Capital Markets Corp. is the agent. Advisors Asset Management is distributor.

The CDs will price on March 26.

The Cusip number is 05581WP41.

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