BMO to price booster notes with barrier on MSCI EAFE fund, Euro Stoxx index

By Emma Trincal

New York, Aug. 5 – Bank of Montreal plans to price 0% booster notes with barrier due Aug. 31, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the lesser performing underlying asset increases above the booster percentage, which is 136% of the initial level, the payout at maturity will be par plus the return of the lesser performing asset.

If the lesser performing asset increases but by less than the booster percentage, the payout will be par plus 30%.

If the lesser performing underlying is unchanged or declines but not by more than 30% of the initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlying from its initial level.

BMO Capital Markets Corp. is the agent.

The notes will price on Aug. 29 and settle on Sept. 4.

The Cusip is 06367WPA5.

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