New Issue: BMO sells $614,000 buffer enhanced return notes on S&P, Russell, Dow

Chicago, May 18 – Bank of Montreal priced $614,000 of 0% buffer enhanced return notes due July 31, 2023 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 125% of any gain of the lesser performing index, capped at a return of par plus 21%.

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:	$614,000
Maturity:	July 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain of the lesser performing index, capped at par plus 21%; 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:	4,574.79 for S&P, 35,756.88 for Dow, 2,296.075 for Russell
Buffer levels:	4,117.31 for S&P, 32,181.19 for Dow, 2,066.467 for Russell, 90% of initial levels
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 29, 2021
Selling agent:	BMO Capital Markets Corp.
Fees:	2.2%
Cusip:	06368EZ88

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