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Published on 12/11/2022 in the Prospect News Structured Products Daily.

New Issue: BMO prices $695,000 barrier enhanced return notes linked to Euro Stoxx

By Kiku Steinfeld

Chicago, Dec. 12 – Bank of Montreal priced $695,000 of 0% barrier enhanced return notes due April 15, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 235% of any gain of the index.

Investors will receive par if the index falls by up to 20% and will be fully exposed to the decline of the index if it falls beyond the 80% barrier level.

BMO Capital Markets Corp. is the agent.

Issuer:Bank of Montreal
Issue:Barrier enhanced return notes
Underlying index:Euro Stoxx 50 index
Amount:$695,000
Maturity:April 15, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 235% of any gain of index; par if index falls by up to 20%; otherwise, full exposure to decline of index from its initial level
Initial index level:3,839.62
Barrier level:3,071.70; 80% of initial level
Pricing date:April 11
Settlement date:April 14
Agent:BMO Capital Markets Corp.
Fees:2.5%
Cusip:06368GPZ4

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