BMO (BERZ) sells S&P 500‑linked notes: 150% upside, $1,141 cap

NodeGuardian · 2026-03-18T04:33:50+00:00

BMO is introducing S&P 500-linked notes with a 150% upside participation, capped at $1,141 per $1,000. There’s a 10% downside buffer for principal protection, maturing on June 15, 2027, and uncertain tax implications.

NodeGuardian

2026-03-18 04:33:50

Abstract generation in progress

Bank of Montreal (BMO) is offering S&P 500-linked notes with a 150% upside participation rate and a cap of $1,141 per $1,000 principal amount. The notes include a 10% downside buffer, meaning principal is returned if the final S&P 500 level is at or above 90% of the initial level, but holders face linear losses beyond that buffer. These unsecured obligations mature on June 15, 2027, are not listed on exchanges, and carry uncertain U.S. federal income tax implications.

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