New Issue: BMO sells $2.59 million enhanced return notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 16 – Bank of Montreal priced $2.59 million of 0% enhanced return notes due March 16, 2023 linked to an equally weighted basket of five stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains the stocks of Amgen Inc., Chevron Corp., 3M Co., Merck & Co., Inc. and Verizon Communications Inc.

The payout at maturity will be par plus 140% of any basket gain.

Investors will be fully exposed to any basket decline.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Enhanced return notes
Underlying stocks:	Amgen Inc., Chevron Corp., 3M Co., Merck & Co., Inc. and Verizon Communications Inc., equal weights
Amount:	$2,586,000
Maturity:	March 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any basket gain; full exposure to losses
Initial levels:	$228.20 for Amgen, $138.81 for Chevron, $159.54 for 3M, $76.64 for Merck, $53.32 for Verizon
Pricing date:	Feb. 11
Settlement date:	Feb. 16
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06368GJR9

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