BMO Plans Early Redemption of $1B Series J Notes

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.

Bank of Montreal (BMO) has announced its decision to fully redeem its $1 billion Series J Medium-Term Notes on September 17, 2024, before their original due date in 2029. The redemption price will be 100% of the principal amount plus any accrued and unpaid interest up until the redemption date, after which interest will cease to accrue. This strategic move aligns with BMO’s ongoing efforts to drive positive change and growth in the economy and society.

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