New Issue: BMO prices $1.87 million booster notes with barrier on index, ETF

By Sarah Lizee

Olympia, Wash., June 5 – Bank of Montreal priced $1.87 million of 0% booster notes with barrier due May 31, 2022 linked to the lesser 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 the lesser performing asset increases by more than 142.3% of the initial level, the payout will be par plus the gain of the lesser performing asset.

If the lesser performing asset return is positive but does not exceed 142.3% of the initial level, the payout will be par plus 42.3%.

If either asset falls by up to 30%, the payout will be par.

If either asset falls by more than 30%, the payout will be par plus the return of the lesser performing asset with full exposure to the loss.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Booster notes with barrier
Underlying assets:	iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:	$1,867,000
Maturity:	May 31, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the lesser performing asset increases by more than 142.3% of the initial level, par plus the gain of the lesser performing asset; if the lesser performing asset return is positive but does not exceed 142.3% of the initial level, par plus 42.3%; if either asset falls by up to 30%, par; if either asset falls by more than 30%, par plus the return of the lesser performing asset with full exposure to the loss
Initial levels:	$63.98 for ETF and 3,318.15 for index
Barrier levels:	$44.79 for ETF and 2,322.71 for index, 70% of initial levels
Pricing date:	May 30
Settlement date:	June 4
Agent:	BMO Capital Markets Corp.
Fees:	1.2%
Cusip:	06367WKT9

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