Bank of Montreal to price contingent risk absolute return notes linked to SPDR Dow Jones ETF

By Toni Weeks

San Luis Obispo, Calif., April 1 – Bank of Montreal plans to price 0% contingent risk absolute return notes due April 30, 2021 linked to the SPDR Dow Jones industrial average exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus 101% of the return.

If the fund falls by up to 30%, the payout will be par plus the absolute value of the fund return, up to a maximum return of 30%.

If the fund falls below the 70% barrier level, investors will be fully exposed to any losses.

The notes (Cusip: 06366RF83) will price April 27 and settle April 30.

BMO Capital Markets Corp. is the agent.

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