New Issue: Bank of Montreal prices $163,000 contingent risk absolute return notes on Stoxx 50

New York, April 29 – Bank of Montreal priced $163,000 of 0% contingent risk absolute return notes due April 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 1.1 times the index gain.

If the index falls but not below the barrier level, 70% of the initial level, the payout will be par plus the absolute value of the return, up to a maximum downside redemption amount of $1,300 per $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$163,000
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.1 times return; if index falls but not by more than 30%, par plus absolute value of return, up to a maximum downside redemption amount of $1,3000 per $1,000 principal amount; if index falls by more than 30%, full exposure to any losses
Initial level:	3,121.29
Barrier level:	2,184.90, 70% of initial level
Pricing date:	April 26
Settlement date:	April 29
Agent:	BMO Capital Markets Corp.
Fees:	3.5%
Cusip:	06367TCL2

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