New Issue: BMO sells $395,000 market-linked autocalls with buffered downside tied to Meta

Chicago, Oct. 17 – Bank of Montreal priced $395,000 of 0% market-linked securities – autocallable with fixed percentage buffered downside due Oct. 22, 2024 linked to the stock performance of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 20% annualized call premium if the stock closes at or above its initial level on any semiannual observation date starting after one year.

If the notes are not called and the stock’s final level is greater than or equal to its 85% buffer level, the payout at maturity will be par.

Otherwise, investors will be exposed to the decline of the stock beyond the 15% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market linked securities – autocallable with fixed percentage buffered downside
Underlying stock:	Meta Platforms, Inc.
Amount:	$395,000
Maturity:	Oct. 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above buffer level, par; otherwise, 1% loss for every 1% decline of stock beyond buffer
Call:	At par plus 20% annualized call premium if the stock closes at or above its initial level on any semiannual observation date starting after one year
Initial level:	$126.76
Buffer level:	$107.746; 85% of initial level
Pricing date:	Oct. 14, 2022
Settlement date:	Oct. 19, 2022
Agent:	Wells Fargo Securities, LLC
Fees:	2.325%
Cusip:	06374VA63

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