New Issue: BMO sells $728,000 leveraged market-linked notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, May 20 – Bank of Montreal priced $728,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Nov. 22, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the index, up to a maximum of par plus 18%.

If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline beyond 10%.

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 index:	Russell 2000
Amount:	$728,000
Maturity:	Nov. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain index, capped at par plus 18%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
Initial level:	1,256.992
Threshold level:	1,131.2928, 90% of initial level
Pricing date:	May 15
Settlement date:	May 20
Agent:	Wells Fargo Securities LLC
Fees:	2.48%
Cusip:	06367WF73

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