New Issue: BMO sells $537,000 buffered notes with contingent interest on Stoxx 50

By Tali Rackner

Minneapolis, Jan. 3 – Bank of Montreal priced $537,000 of buffered notes with contingent interest payments due Dec. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon of 6.6% per year if the index closes at or above its initial level on the related monthly observation date.

The payout at maturity will be par plus the final coupon payment unless the index falls by more than 10%, in which case investors will lose 1% for every 1% decline beyond the 10% buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered notes with contingent interest payments
Underlying index:	Euro Stoxx 50
Amount:	$537,000
Maturity:	Dec. 31, 2019
Coupon:	6.6% per year, payable each month index closes at or above its initial level on related monthly observation date
Price:	Par
Payout at maturity:	Par plus final coupon payment unless index falls by more than 10%, in which case exposure to declines beyond 10%
Initial level:	3,550.17
Buffer level:	3,195.15; 90% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06367TT59

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