Bank of Montreal plans contingent risk absolute return notes on Stoxx

By Susanna Moon

Chicago, July 11 – Bank of Montreal plans to price 0% contingent risk absolute return notes due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 115% of the gain.

If the index falls but not below the 70% barrier level, the payout will be par plus the absolute value of the return, up to a maximum downside redemption amount of $1,300 per $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip number is 06367THL7.

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