BMO plans leveraged capped notes with contingent downside on Dow

By Emma Trincal

New York, Aug. 18 – Bank of Montreal plans to price 0% market-linked securities with leveraged upside participation to a cap and contingent downside due Sept. 6, 2022 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout at maturity will be par plus 1.5 times the index return, capped at 18% to 22%. The exact cap will be determined at pricing. The payout at maturity will be par if the final index price is above the 85% barrier, otherwise investors will lose 1% for every 1% decline in the underlying asset.

Wells Fargo Securities, LLC is the agent.

The Cusip Number is 06367W3J0.

The notes will price on Aug. 31 and settle on Sept. 3.

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