New Issue: BMO sells $8.58 million leveraged market-linked notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Bank of Montreal priced $8.58 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Feb. 7, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any gain in the index up to a maximum of par plus 12%.

If the index falls but not beyond 15%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying index:	S&P 500
Amount:	$8,583,000
Maturity:	Feb. 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain index up to a maximum of par plus 12%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
Initial level:	3,225.52
Barrier level:	2,741.692, 85% of initial level
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Wells Fargo Securities LLC
Fees:	2.06%
Cusip:	06367WUL5

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