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Bank of Montreal plans contingent risk absolute return notes on Euro Stoxx 50
By Susanna Moon
Chicago, March 3 – Bank of Montreal plans to price 0% contingent risk absolute return notes due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 105% the return, up to a maximum return of 35%.
If the index falls by up to 35%, the payout will be par plus the absolute value of the index return.
If the index falls below the 65% barrier level, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on March 26 and settle on March 31.
The Cusip number is 06366RD36.
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