New Issue: BMO sells $1.21 million buffered market-linked notes on Invesco QQQ

By Marisa Wong

Los Angeles, Jan. 6 – Bank of Montreal priced $1.21 million of 0% market-linked securities with upside participation to a cap and fixed percentage buffered downside due Nov. 30, 2022 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any ETF gain, capped at $1,140 per $1,000 of notes. Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% ETF decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes with upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	Invesco QQQ Trust, Series 1
Amount:	$1,213,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any ETF gain, capped at par plus 14%; par if ETF falls by up to 10%; 1% loss for every 1% ETF decline beyond 10%
Initial price:	$294.47
Threshold price:	$265.023, 90% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	Wells Fargo Securities, LLC
Fees:	2.83%
Cusip:	06368E3Z3

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