Bank of Montreal to price contingent risk absolute return notes linked to SPDR Euro Stoxx 50 ETF

By Toni Weeks

San Luis Obispo, Calif., May 1 - Bank of Montreal plans to price 0% contingent risk absolute return notes due May 29, 2020 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 142.5% of the fund return.

If the fund return is zero or negative but not less than the barrier percentage of negative 40%, the payout will be par plus the absolute value of the fund return. If the fund return is less than negative 40%, investors will be fully exposed to the fund's decline from the initial price.

The notes (Cusip: 06366RUC7) are expected to price May 23 and settle May 30.

BMO Capital Markets Corp. is the agent.

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