By Angela McDaniels
Tacoma, Wash., March 30 – Bank of Montreal priced $26,000 of 0% contingent risk absolute return notes due March 31, 2021 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 127% of the ETF return.
If the ETF return is less than or equal to zero but is not less than negative 30%, the payout will be par plus the absolute value of the ETF return.
If the ETF return is less than negative 30%, investors will be fully exposed to the ETF's decline.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Contingent risk absolute return notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $26,000
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 127% of ETF return; if ETF return is less than or equal to zero but final share price is not less than barrier level, par plus absolute value of ETF return; if final share price is less than barrier level, full exposure to ETF's decline
|
| Initial share price: | $64.98
|
| Barrier level: | $45.49, 70% of initial share price
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 0.25%
|
| Cusip: | 06366RC29
|
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