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Bank of Montreal to price contingent risk absolute return notes linked to Euro Stoxx 50 index
By Jennifer Chiou
New York, March 5 – Bank of Montreal plans to price 0% contingent risk absolute return notes due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 120% the return.
If the index falls by up to 35%, the payout will be par plus the absolute value of the index return, up to a maximum return of 35%.
If the index falls below the 65% barrier level, investors will be fully exposed to any losses.
The notes (Cusip: 06366RD69) will price on March 26 and settle on March 31.
BMO Capital Markets Corp. is the agent.
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