New Issue: BMO sells $513,000 callable buffer notes linked to Stoxx

Chicago, Feb. 27 – Bank of Montreal priced $513,000 of 6% callable buffer notes due Nov. 17, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid quarterly.

The notes will be callable at par on any quarterly observation date after six months.

If the notes are not called and the index finishes at or above its buffer level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Callable buffer notes
Underlying index:	Euro Stoxx 50 index
Amount:	$513,000
Maturity:	Nov. 17, 2025
Coupon:	6%, payable quarterly
Price:	Par
Payout at maturity:	If the index finishes at or above buffer level, par; otherwise, lose 1% for every 1% decline of the index beyond 20%
Call option:	At par plus any coupon due on any quarterly observation date after six months
Initial level:	3,647.87
Buffer level:	2,918.30, 80% of initial level
Pricing date:	May 11, 2022
Settlement date:	May 16, 2022
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06368GT98

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.