New Issue: BMO prices $1.33 million contingent fixed return notes on lululemon

Chicago, Aug. 25 – Bank of Montreal priced $1.33 million of 0% market-linked securities with contingent fixed return and contingent downside due Aug. 30, 2024 linked to the common stock of lululemon athletica inc., according to a 424B2 filed with the Securities and Exchange Commission.

If the final stock level is greater than or equal to the threshold level, 70% of the initial stock level, the payout at maturity will be par plus 12.35%.

If the final level is less than the threshold level, investors will lose 1% for each 1% decline from the initial level.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities with contingent fixed return and contingent downside
Underlying stock:	lululemon athletica inc.
Amount:	$1,333,000
Maturity:	Aug. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the final stock level is greater than or equal to the threshold level, 70% of the initial stock level, par plus 12.35%; otherwise, 1% loss for each 1% decline from the initial level
Initial level:	$381.29
Threshold level:	$266.903, 70% of initial level
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agents:	Wells Fargo Securities, LLC
Fees:	2.325%
Cusip:	06375M5F8

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