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Published on 11/4/2022 in the Prospect News Structured Products Daily.

New Issue: BMO sells $1.44 million enhanced return notes on stock basket

Chicago, Nov. 4 – Bank of Montreal priced $1.44 million of 0% enhanced return notes due April 10, 2023 linked to an equally weighted basket of five stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains the stocks of Dow Inc., Chevron Corp., International Business Machines Corp., Walgreens Boots Alliance, Inc. and Verizon Communications Inc.

The payout at maturity will be par plus 135% of any basket gain.

Investors will be fully exposed to any basket decline.

BMO Capital Markets Corp. is the agent.

Issuer:Bank of Montreal
Issue:Enhanced return notes
Underlying stocks:Dow Inc., Chevron Corp., International Business Machines Corp., Walgreens Boots Alliance, Inc. and Verizon Communications Inc., equal weights
Amount:$1,443,000
Maturity:April 10, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 135% of any basket gain; full exposure to losses
Initial levels:$59.20 for Dow, $154.14 for Chevron, $123.86 for IBM, $46.15 for Walgreens, $54.14 for Verizon
Pricing date:March 2
Settlement date:March 7
Agent:BMO Capital Markets Corp.
Fees:0.43%
Cusip:06368GKL0

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