BMO plans 6.74% contingent interest buffered notes tied to Stoxx 50

By Susanna Moon

Chicago, Jan. 9 – Bank of Montreal plans to price buffered notes with contingent interest payments due Jan. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 6.74% if the index closes at or above its initial level on the observation date for that month.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will lose 1% for each 1% decline beyond the buffer.

BMO Capital Markets Corp. is the agent.

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 06367TW55.

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