New Issue: BMO sells $1.44 million buffer enhanced return notes on S&P, Russell, Dow

By Kiku Steinfeld

Chicago, Dec. 20 – Bank of Montreal priced $1.44 million of 0% buffer enhanced return notes due Sept. 30, 2022 linked to the lesser performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain of the lesser performing index, capped at a return of par plus 14.6%.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% that the level of the lesser performing index decreases by more than 10%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	Russell 2000 index, S&P 500 index and Dow Jones industrial average
Amount:	$1.44 million
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the lesser performing index, capped at par plus 14.6%; par if the lesser performing index falls by up to 10%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 10%
Initial index levels:	35,213.12 for Dow, 4,470.00 for S&P, 2,213.979 for Russell
Buffer levels:	31,691.81 for Dow, 4,023.00 for S&P, 1,992.581 for Russell, 90% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Selling agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06368EUA8

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