New Issue: BMO prices $1.5 million barrier booster notes tied to Stoxx, EAFE fund

By Susanna Moon

Chicago, Nov. 28 – Bank of Montreal priced $1.5 million of 0% booster notes with barrier due Nov. 14, 2023 linked to the worse performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying asset gains by more than the booster return of 39.5%, the payout at maturity will be par plus the return of the worse performing index or fund.

If either asset gains by up to the booster return or falls by up to 30%, the payout will be par plus 39.5%.

Otherwise, investors will be exposed to any losses of the worse performing index or fund.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Booster notes with barrier
Underlying assets:	iShares MSCI EAFE ETF, Euro Stoxx 50 index
Amount:	$1,498,000
Maturity:	Nov. 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains by more than 39.5%, par plus return of worse performing index or fund; if either asset gains by up to 39.5% or falls by up to 30%, par plus 39.5%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	3,237.60 for Stoxx, $63.83 for fund
Barrier levels:	2,266.32 for Stoxx, $44.68 for fund, 70% of initial levels
Pricing date:	Nov. 8
Settlement date:	Nov. 14
Underwriter:	BMO Capital Markets Corp.
Fees:	4.1%
Cusip:	06367WED1

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