New Issue: BMO sells $1 million contingent risk absolute return notes on S&P 500

Chicago, Nov. 3– Bank of Montreal priced $1 million of 0% contingent risk absolute return notes due Nov. 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive par plus the return of the index capped at 26.5% if the index finishes positive.

The payout will be par plus the absolute return of the index if the index finishes below its initial level but above its 80% buffer level.

Otherwise, investors will have a 1% loss for each 1% decline beyond the 20% buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes
Underlying index:	S&P 500 index
Amount:	$1,000,000
Maturity:	Nov. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain capped at 26.5%; par plus absolute return of index if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 20% buffer
Initial level:	4,117.37
Barrier level:	3,293.90, 80% of initial level
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Agent:	BMO Capital Markets Corp.
Fees:	0.7%
Cusip:	06375MHD0

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