New Issue: BMO sells $1.06 million buffer return notes linked to S&P 500

Chicago, Aug. 23 – Bank of Montreal priced $1.06 million of 0% buffer return notes due Aug. 25, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus of any index gain capped at par plus 53%.

Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% that the level of the index decreases by more than 25%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer return notes
Underlying index:	S&P 500 index
Amount:	$1,062,000
Maturity:	Aug. 25, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus of any gain of the index capped at par plus 53%; par if the index falls by up to 25%; otherwise, 1% loss for each 1% of index decline below 25%
Initial index level:	4,283.74
Buffer level:	3,212.81; 75% of initial level
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Selling agent:	BMO Capital Markets Corp.
Fees:	0.75%
Cusip:	06374V2M7

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