New Issue: BMO sells $1.59 million buffered bullish enhanced return notes on S&P, Russell

By Marisa Wong

Los Angeles, Oct. 13 – Bank of Montreal priced $1.59 million of 0% buffered bullish enhanced return notes due Oct. 29, 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 125% of any gain of the lesser performing index, capped at par plus 10%.

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:	$1,587,000
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 125% of any gain of lesser-performing index, capped at par plus 10%; par if lesser-performing index falls by up to 10%; 1% loss per 1% decline of lesser-performing index beyond 10%
Initial index levels:	3,298.46 for S&P and 1,474.908 for Russell
Buffer levels:	2,968.61 for S&P and 1,327.417 for Russell; 90% of initial levels
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	BMO Capital Markets Corp.
Fees:	1.93%
Cusip:	06367W4M2

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