New Issue: BMO prices $600,000 barrier notes linked to Sysco

Chicago, Aug. 22 – Bank of Montreal priced $600,000 of 0% barrier notes due Aug. 18, 2023 linked to the common stock performance of Sysco Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return of the stock if the stock finishes above its initial level, capped at par plus 24.2%.

If the stock declines but closes above 68% of its initial level, the payout will be par.

Otherwise, investors will be fully exposed to the loss.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Barrier notes
Underlying stock:	Sysco Corp.
Amount:	$600,000
Maturity:	Aug. 18, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return if stock finishes positive, capped at par plus 24.2%; par if stock declines but not more than barrier level; otherwise, full exposure to losses of stock
Initial level:	$84.77
Buffer level:	$57.64; 68% of initial level
Pricing date:	Aug. 12, 2022
Settlement date:	Aug. 17, 2022
Selling agent:	BMO Capital Markets Corp.
Fees:	0.75%
Cusip:	06368GZD2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.