New Issue: BMO sells $2.13 million leveraged market-linked notes on energy fund

By Wendy Van Sickle

Columbus, Ohio, June 9 – Bank of Montreal priced $2.13 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due June 3, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% times any fund gain, capped at $1,350 per $1,000 of notes. Investors will receive par if the fund finishes flat or falls by up to 15% and lose 1% for each 1% decline of the fund beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$2,125,000
Maturity:	June 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, capped at $1,350 per $1,000 of notes; par if fund falls by up to 15%; exposure to decline beyond 15%
Initial price:	$38.76
Buffer price:	$32.946, 85% of initial price
Pricing date:	May 29
Settlement date:	June 3
Agents:	Wells Fargo Securities, LLC
Fees:	2.38%
Cusip:	06367WK28

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