New Issue: BMO prices $1 million barrier enhanced return notes linked to Intel

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – Bank of Montreal priced $1 million of 0% barrier enhanced return notes due Aug. 15, 2025 linked to the stock performance of Intel corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any gain of the stock, subject to a maximum return of par plus 88.5%.

Investors will receive par if the stock falls by up to 25% and will be fully exposed to the decline of the stock if it falls beyond the 75% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying stock:	Intel corp.
Amount:	$1,001,000
Maturity:	Aug. 15, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain of stock, capped at par plus 88.5%; par if stock falls by up to 25%; otherwise, full exposure to decline of stock from its initial level
Initial level:	$27.73
Barrier level:	$20.80; 75% of initial level
Strike date:	Feb. 9
Pricing date:	Feb. 10
Settlement date:	Feb. 15
Underwriter:	BMO Capital Markets Corp.
Fees:	0.5%
Cusip:	06374VN85

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