By Wendy Van Sickle
Columbus, Ohio, Feb. 13 – Bank of Montreal priced $684,000 of 0% contingent risk absolute return notes due Jan. 29, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes above its initial level, the payout at maturity will be par plus the return.
If the fund falls by up to the barrier level, 73% of the initial level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Contingent risk absolute return notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $684,000
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| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus return; if fund falls by up to 27%, par plus absolute return; otherwise, full exposure to any losses
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| Initial price: | $61.83
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| Coupon barrier/trigger price: | 73% of initial price
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| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 06367WGW7
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