New Issue: BMO prices $425,000 autocallable barrier enhanced return notes on S&P, Nasdaq

Chicago, Feb. 23 – Bank of Montreal priced $425,000 of 0% autocallable barrier enhanced return notes due Jan. 19, 2027 linked to the least performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at par plus a 10% call premium if each index closes at or above its initial level on Jan. 21, 2025.

The payout at maturity will be par plus 190% of any gain in the least performing index.

Investors will receive par if the worst performer falls by up to 30% and will lose 1% for each 1% decline of the worst performer if it falls by more than 30%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Autocallable barrier enhanced return notes
Underlying indexes:	S&P 500 index and the Nasdaq-100 index
Amount:	$425,000
Maturity:	Jan. 19, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 190% of any gain in least performing index; par if worst performer falls by up to 30%; otherwise, full exposure to decline of worst performer from initial level
Call:	Automatically at par plus a 10% call premium if each index closes at or above its initial level on Jan. 21, 2025
Initial levels:	16,830.71 for Nasdaq, 4,765.98 for S&P
Barrier levels:	11,781.50 for Nasdaq, 3,336.19 for S&P; 70% of initial levels
Pricing date:	Jan. 16
Settlement date:	Jan. 19
Selling agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06375MSR7

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