New Issue: BMO sells $1.61 million buffer enhanced return notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 6 – Bank of Montreal priced $1.61 million of 0% buffer enhanced return notes due Sept. 5, 2024 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 200% of any index gain, subject to a maximum return of par plus 12%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% that the level of the index decreases by more than 15%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying index:	S&P 500 index
Amount:	$1,606,000
Maturity:	Sept. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 12%; par if the index falls by up to 15%; otherwise, 1% loss for each 1% of index decline below 15%
Initial index level:	4,514.87
Buffer level:	3,837.64; 85% of initial level
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Selling agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06375M6X8

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