New Issue: BMO sells $6.64 million buffered bullish enhanced return notes on iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – Bank of Montreal priced $6.64 million of 0% buffered bullish enhanced return notes due Aug. 31, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any fund gain, subject to a maximum return of 20%.

Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$6,635,000
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any fund gain, capped at 20%; par if fund falls up to 20%; 1% loss for every 1% decline beyond 20%
Initial price:	$62.42
Buffer price:	$49.94, 85% of initial price
Pricing date:	Aug. 28
Settlement date:	Aug. 30
Underwriter:	BMO Capital Markets Corp.
Fees:	0%
Cusip:	06367WPJ6

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