New Issue: Bank of Montreal prices $112,000 absolute return notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 29 – Bank of Montreal priced $112,000 of 0% contingent risk absolute return notes due April 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 105% of the index return.

If the index return is less than or equal to zero but not less than negative 35%, the payout will be par plus the absolute value of the index return.

If the index return is less than negative 35%, investors will be fully exposed to the index's decline.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$112,000
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 105% of index return; if index return is less than or equal to zero but not less than negative 35%, par plus absolute value of index return; if index return is less than negative 35%, full exposure to index's decline
Initial level:	3,771.45
Barrier level:	2,451.44, 65% of initial level
Pricing date:	April 27
Settlement date:	April 30
Agent:	BMO Capital Markets Corp.
Fees:	3.55%
Cusip:	06366RF91

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