New Issue: BMO prices $1.02 million buffer enhanced return notes linked to Tesla

By William Gullotti

Buffalo, N.Y., Dec. 22 – Bank of Montreal priced $1.02 million of 0% buffer enhanced return notes due Dec. 22, 2025 linked to the stock performance of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any stock gain, subject to a maximum return of par plus 73.7%.

Investors will receive par if the stock falls by up to 20% and will lose 1% for each 1% that the level of the stock decreases by more than 20%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying stock:	Tesla, Inc.
Amount:	$1,017,000
Maturity:	Dec. 22, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the stock, capped at par plus 73.7%; par if the stock falls by up to 20%; otherwise, 1% loss for each 1% of stock decline below 20%
Initial level:	$253.50
Buffer level:	$202.80; 80% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Selling agent:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06375MMV4

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