Chicago, July 24 – Bank of Montreal priced $165,000 of 0% buffer enhanced return notes due July 23, 2025 linked to the performance of the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 137% of any index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the level of the index decreases beyond the 10% buffer.
BMO Capital Markets Corp. is the selling agent.
| Issuer: | Bank of Montreal
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| Issue: | Buffer enhanced return notes
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| Underlying index: | Bloomberg Commodity index
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| Amount: | $165,000
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| Maturity: | July 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.37 times any gain of the index; par if the index falls by up to 10%; otherwise, 1% loss for each 1% of index decline beyond 10%
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| Initial index level: | $104.91
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| Buffer level: | $94.42; 90% of initial level
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| Pricing date: | July 18
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| Settlement date: | July 21
|
| Selling agent: | BMO Capital Markets Corp.
|
| Fees: | 1.75%
|
| Cusip: | 06374VZR0
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