New Issue: Bank of Montreal prices $161,000 absolute return notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Jan. 28 – Bank of Montreal priced $161,000 of 0% contingent risk absolute return notes due Jan. 31, 2022 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 112% of the index return.

If the index return is less than or equal to zero but not less than negative 30%, the payout will be par plus the absolute value of the index return, subject to a maximum payout of $1,300 per $1,000 principal amount of notes.

If the index return is less than negative 30%, 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:	$161,000
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 112% of index return; if index return is less than or equal to zero but not less than negative 30%, par plus absolute value of index return, subject to 30% maximum return; if index return is less than negative 30%, full exposure to index's decline
Initial level:	3,032.84
Barrier level:	2,122.99, 70% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	BMO Capital Markets Corp.
Fees:	3.5%
Cusip:	06366R6S9

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