New Issue: BMO prices $235,000 6.74% contingent interest buffered notes tied to Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Bank of Montreal priced $235,000 of 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.

Issuer:	Bank of Montreal
Issue:	Buffered notes with contingent interest payments
Underlying index:	Euro Stoxx 50
Amount:	$235,000
Maturity:	Jan. 31, 2020
Coupon:	6.74% per year, payable each month index closes at or above its initial level on related monthly observation date
Price:	Par
Payout at maturity:	Par plus final coupon payment unless index falls by more than 10%, in which case exposure to declines beyond 10%
Initial level:	3,647.41
Buffer level:	3,282.67; 90% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06367TW55

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