New Issue: BMO sells $1.58 million leveraged upside participation market-linked notes on Nasdaq

By William Gullotti

Buffalo, N.Y., April 4 – Bank of Montreal priced $1.58 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 6, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of the gain in the index, capped at $1,170 per security.

If the index falls by up to 10%, the payout will be par.

Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.

Wells Fargo Securities LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying:	Nasdaq-100 index
Amount:	$1,584,000
Maturity:	Nov. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of the index gain, capped at $1,170 per security; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
Initial share price:	13,860.76
Buffer level:	12,474.684; 90% of initial level
Pricing date:	April 30, 2021
Settlement date:	May 5, 2021
Agent:	Wells Fargo Securities LLC
Fees:	2.97%
Cusip:	06368EHR6

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