BMO plans contingent risk absolute return notes on iShares MSCI EAFE

By Susanna Moon

Chicago, March 20 – Bank of Montreal plans to price 0% contingent risk absolute return notes due March 29, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

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

If the fund falls but never closes below the 68.5% to 72.5% barrier level during the life of the notes, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 06367TUH1.

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