New Issue: BMO sells $988,000 buffered bullish enhanced notes on iShares EAFE

By Marisa Wong

Los Angeles, June 8 – Bank of Montreal priced $988,000 of 0% buffered bullish enhanced return notes due May 31, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any fund gain, capped at par plus 19.5%.

Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$988,000
Maturity:	May 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any fund gain, capped at par plus 19.5%; par if fund falls up to 15%; 1% loss for every 1% decline beyond 15%
Initial price:	$59.85
Buffer price:	$50.87, 85% of initial price
Pricing date:	May 28
Settlement date:	May 29
Underwriter:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WL68

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