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BMO Announces Exercise of its Call Right and Start of Call Measurement Period With Respect to the MicroSectors™ FANG+™ Index 3× Leveraged ETNs (Ticker: FNGA) and Provides a Reminder of the Availability of MicroSectors™ FANG+™ 3× Leveraged ETNs (Ticker: FNGB)
Bank of Montreal ("BMO") (i) announced today that it exercised its call right to redeem all of the outstanding securities of its MicroSectorsTM FANG+TM Index 3× Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the "FNGA ETNs") and that the Call Measurement Period for the FNGA ETNs is expected to begin tomorrow, May 2, 2025; and (ii) provided a reminder today of the availability of a new Exchange Traded Note ("ETN"), the MicroSectorsTM FANG+TM 3× Leveraged ETNs due February 17, 2045, CUSIP:
About this update from Bank Of Montreal
[{"type":"text","content":"Filed Pursuant to Rule 433Registration Statement No. 333-285508May 1, 2025","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, May 1, 2025 /PRNewswire/ - Bank of Montreal ("BMO") (i) announced today that it exercised its call right to redeem all of the outstanding securities of its MicroSectorsTM FANG+TM Index 3× Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the "FNGA ETNs") and that the Call Measurement Period for the FNGA ETNs is expected to begin tomorrow, May 2, 2025; and (ii) provided a reminder today of the availability of a new Exchange Traded Note ("ETN"), the MicroSectorsTM FANG+TM 3× Leveraged ETNs due February 17, 2045, CUSIP: 063679385 (the "FNGB ETNs").","length":625,"tagName":"p"},{"type":"text","content":"Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the applicable ETN Prospectus (as defined below) for the relevant ETNs.","length":167,"tagName":"p"},{"type":"text","content":"Redemption of FNGA ETNs and Start of Call Measurement Period ","length":60,"tagName":"p"},{"type":"text","content":"BMO exercised its call right by sending a call notice to holders of the FNGA ETNs today, May 1, 2025. The Call Calculation Date is expected to be tomorrow, May 2, 2025. The Call Measurement Period will be the five Index Business Days from and including the Call Calculation Date, which are expected to be May 2, 2025, May 5, 2025, May 6, 2025, May 7, 2025 and May 8, 2025. The purpose of the Call Measurement Period is to determine the Call Settlement Amount per note that BMO will pay to investors holding the ETNs on the Call Settlement Date. The Call Measurement Period is subject to postponement in the event of a market disruption event as described in the ETN Prospectus for the FNGA ETNs. The Call Settlement Date will be the fifth Business Day following the last Index Business Day in the Call Measurement Period, which is expected to be May 15, 2025.","length":859,"tagName":"p"},{"type":"text","content":"The Call Settlement Amount will be determined in accordance with the terms of the FNGA ETNs and will be equal to the arithmetic mean of the closing Indicative Note Values on each Index Business Day in the Call Measurement Period. On the Call Settlement Date, BMO will redeem the FNGA ETNs and,...