New Issue: BMO sells $890,000 enhanced return notes on S&P, Russell, Dow

By Taylor Fox

New York, Nov. 23 – Bank of Montreal priced $890,000 of 0% enhanced return notes due Nov. 5, 2025 linked to the lesser performing of the S&P 500 index, the Dow Jones Industrial Average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 205% of any gain of the lesser performing index.

Otherwise, investors will lose 1% for each 1% that the level of the lesser performing index decreases.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Enhanced return notes
Underlying indexes:	S&P 500, Russell 2000, Dow Jones Industrial Average
Amount:	$890,000
Maturity:	Nov. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 205% of any gain of the lesser performing index; 1% loss for each 1% that the level of the lesser performing index decreases from initial level
Initial index levels:	3,310.24 for S&P, 1,568.592 for Russell, 26,925.05 Dow
Pricing date:	Nov. 2
Settlement date:	Nov. 5
Selling agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06368E4C3

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