BMO to price contingent risk absolute return notes on Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Aug. 2 – Bank of Montreal plans to price 0% contingent risk absolute return notes due Aug. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 125% of the gain.

If the index falls but not below the 70% barrier level, the payout will be par plus the absolute value of the return. Otherwise, investors will lose 1% for every 1% decline.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06367TJB7) will price on Aug. 26 and settle on Aug. 31.

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