New Issue: BMO sells $1.49 million contingent return market-linked securities on Dollar General

By William Gullotti

Buffalo, N.Y., Dec. 22 – Bank of Montreal priced $1.49 million of market-linked securities – contingent fixed return and contingent downside due Dec. 27, 2024 linked to the stock performance of Dollar General Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 60% downside threshold, the payout at maturity will be par plus 16.5%.

Otherwise, investors will be fully exposed to the stock’s decline from its initial level.

BMO Capital Markets Corp. is the agent with Wells Fargo Securities, LLC acting as the agent for distribution.

Issuer:	Bank of Montreal
Issue:	Market linked securities – contingent fixed return and contingent downside
Underlying stock:	Dollar General Corp.
Amount:	$1,488,000
Maturity:	Dec. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above downside threshold, par plus 16.5%; otherwise, 1% loss for every 1% decline from initial level
Initial level:	$129.98
Downside threshold:	$77.988; 60% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agent:	BMO Capital Markets Corp. with Wells Fargo Securities, LLC as agent for distribution
Fees:	2.325%
Cusip:	06375ML45

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