By Susanna Moon
Chicago, Jan. 10 – Bank of Montreal priced $1.21 million of 0% buffered bullish return notes due Jan. 13, 2021 linked to the Energy Select Sector SPDR Fund ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum redemption amount of $1,390 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond the buffer.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Buffered bullish return notes
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| Underlying fund: | Energy Select Sector SPDR Fund ETF
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| Amount: | $1,208,000
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| Maturity: | Jan. 13, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any fund gain, capped at 39%; par if fund falls by up to 10%; exposure to any losses beyond 10%
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| Initial level: | $56.11
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 0.25%
|
| Cusip: | 06367WFW8
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