New Issue: BMO sells $48,000 6.9% contingent interest buffered notes tied to Stoxx

By Susanna Moon

Chicago, Dec. 27 – Bank of Montreal priced $48,000 of buffered notes with contingent interest payments due Dec. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual of 6.9% if the index closes at or above its 90% threshold on the observation date for that month.

The payout at maturity will be par plus the final coupon unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered notes with contingent interest payments
Underlying index:	Euro Stoxx 50
Amount:	$48,000
Maturity:	Nov. 30, 2021
Coupon:	6.9% annualized, payable monthly if index closes at or above 90% coupon barrier on observation date for that month
Price:	Par
Payout at maturity:	Par unless index falls by more than 10%, in which case 1% loss per 1% decline beyond buffer
Initial level:	3,166.42
Coupon barrier:	2,849.78, 90% of initial level
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	BMO Capital Markets Corp.
Fees:	2.5%
Cusip:	06367WEQ2

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