New Issue: BMO sells $29.41 million leveraged market-linked notes on Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, June 30 – Bank of Montreal priced $29.41 million of 0% market-linked notes with leveraged upside participation to a cap and 1-to-1 downside exposure due July 23, 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 300% times any index gain, capped at $1,207 per $1,000 of notes. Investors will be exposed to any loss in the index.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes with leveraged upside participation to a cap and 1-to-1 downside exposure
Underlying index:	Russell 2000 index
Amount:	$29,411,000
Maturity:	July 23, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, capped at $1,207 per $1,000 of notes; full exposure to loss
Initial price:	1,378.78
Pricing date:	June 26
Settlement date:	June 30
Agents:	Wells Fargo Securities, LLC
Fees:	1.73%
Cusip:	06367WS95

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