New Issue: BMO sells $2.61 million leveraged, capped market-linked notes on Energy Select Sector SPDR

By Wendy Van Sickle

Columbus, Ohio, May 7 – Bank of Montreal priced $2.61 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due May 5, 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 1.5 times any gain in the fund, up to a maximum of par plus 37%.

If the fund falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying fund:	Energy Select Sector SPDR
Amount:	$2,613,000
Maturity:	May 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain fund, capped at par plus 37%; par if fund falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
Initial level:	$38.00
Threshold level:	$32.30, 85% of initial level
Pricing date:	April 30
Settlement date:	May 5
Agent:	Wells Fargo Securities LLC
Fees:	2.89%
Cusip:	06367WD75

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