New Issue: BMO prices $1.23 million barrier notes linked to Amazon

Chicago, Oct. 30 – Bank of Montreal priced $1.23 million of barrier notes due Oct. 25, 2024 linked to the common stock performance of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay 10.1% in monthly interest.

At maturity, investors will receive par if the stock finishes above the 75% trigger level.

Otherwise, investors will be fully exposed the losses of the stock, payable in cash or shares at the option of the issuer.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Barrier notes
Underlying stock:	Amazon.com, Inc.
Amount:	$1,225,000
Maturity:	Oct. 25, 2024
Coupon:	10.1% annual rate, payable monthly
Price:	Par
Payout at maturity:	Par if stock closes above trigger level; otherwise, full exposure to losses of stock, payable in shares or cash at issuer’s option
Initial level:	$125.17
Trigger level:	$93.88; 75% of initial level
Pricing date:	Oct. 20
Settlement date:	Oct. 25
Selling agent:	BMO Capital Markets Corp.
Fees:	0.75%
Cusip:	06369NNK3

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