New Issue: BMO sells $120,000 contingent fixed-return market-linked notes on Dow

By Wendy Van Sickle

Columbus, Ohio, July 6 – Bank of Montreal priced $120,000 of 0% market-linked notes with contingent fixed return and contingent downside due July 6, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout at maturity will be $1,200 per $1,000 of notes. Investors will receive par if the index falls by up to 15% and will be fully exposed to losses if the index falls beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes with contingent fixed return and contingent downside
Underlying index:	Dow Jones industrial average
Amount:	$120,000
Maturity:	July 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, $1,200 per $1,000 of notes; par if index falls by up to 15%; full exposure to losses if index falls beyond 15%
Initial price:	25,812.88
Buffer level:	21,940.948, 85% of initial level
Pricing date:	June 30
Settlement date:	July 6
Agents:	Wells Fargo Securities, LLC
Fees:	2.11%
Cusip:	06367WS87

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