By Cady Vishniac
Detroit, Jan. 7 – Bank of Montreal priced $2.24 million of 0% buffered bullish enhanced return notes due Dec. 31, 2025 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 137% of any fund gain.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Buffered bullish enhanced return notes
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| Underlying fund: iShares MSCI EAFE ETF
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| Amount: | $2.24 million
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| Maturity: | Dec. 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 137% of any fund gain; par if fund falls up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $72.95
|
| Buffer price: | $65.66, 90% of initial price
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| Pricing date: | Dec. 28
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| Settlement date: | Dec. 31
|
| Underwriter: | BMO Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 06368EB84
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