New Issue: BMO sells $771,000 leveraged market-linked notes on Dow

By Kiku Steinfeld

Chicago, Sept. 14 – Bank of Montreal priced $771,000 of 0% market-linked notes with leveraged upside participation to a cap and contingent downside due Sept. 6, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% times any index gain, capped at $1,200 per $1,000 of notes. Investors will receive par if the index finishes flat or falls by up to 15% and lose 1% for each 1% decline if the index falls beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes with leveraged upside participation to a cap and contingent downside
Underlying index:	Dow Jones industrial average
Amount:	$771,000
Maturity:	Sept. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at $1,200 per $1,000 of notes; par if index falls by up to 15%; full exposure to decline otherwise
Initial price:	28,430.05
Threshold price:	24,165.5425, 85% of initial price
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Wells Fargo Securities LLC
Fees:	2.48%
Cusip:	06367W3J0

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