Bank of Montreal to price contingent risk absolute return notes linked to iShares MSCI EAFE fund

By Jennifer Chiou

New York, Feb. 3 – Bank of Montreal plans to price 0% contingent risk absolute return notes due Feb. 26, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus 125% of the fund gain.

If the fund falls but finishes at or above the barrier level, 70% of the initial level, the payout will be par plus the absolute value of the return, up to a maximum return of 30%.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 06366RZU2) will price on Feb. 25 and settle on Feb. 27.

BMO Capital Markets Corp. is the agent.

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