New Issue: BMO sells $264,000 buffered bullish enhanced notes on S&P, Russell

By Marisa Wong

Los Angeles, July 13 – Bank of Montreal priced $264,000 of 0% buffered bullish enhanced return notes due July 30, 2021 linked to the lesser performing of the S&P 500 index and 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 of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for every decline of the lesser performing index beyond 10%.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$264,000
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any gain of lesser-performing index; par if lesser-performing index falls by up to 10%; 1% loss per 1% decline of lesser-performing index beyond 10%
Initial index levels:	3,083.76 for S&P and 1,413.315 for Russell
Buffer levels:	2,775.38 for S&P and 1,271.984 for Russell; 90% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	BMO Capital Markets Corp.
Fees:	1.93%
Cusip:	06367WR88

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