New Issue: BMO sells $2.08 million buffered bullish enhanced return notes on S&P, Russell

By Cady Vishniac

Detroit, Jan. 7 – Bank of Montreal priced $2.08 million of 0% buffered bullish enhanced return notes due Jan. 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If both indexes finish above their initial levels, the payout at maturity will be par plus 125% of the gain of the lesser-performing index, capped at $1,095 per $1,000 face amount of notes.

Investors will receive par if the lesser-performing index falls by up to 10% and will lose 1% for every 1% decline of the lesser-performing index beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,082,000
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of the gain of the lesser-performing index, capped at $1,095 per $1,000 face amount of notes; par if lesser-performing index falls up to 10%; 1% loss for every 1% decline of the lesser-performing index beyond 10%
Initial levels:	3,735.36 for S&P and 1,996.25 for Russell
Buffer levels:	3,361.82 for S&P and 1,796.625 for Russell, 90% of initial levels
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Underwriter:	BMO Capital Markets Corp.
Fees:	1.93%
Cusip:	06368E7H9

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