New Issue: BMO sells $422,000 buffered bullish enhanced return notes on S&P, Russell

By Taylor Fox

New York, Nov. 23 – Bank of Montreal priced $422,000 of 0% buffered bullish enhanced return notes due Dec. 20, 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 a return of par plus 13%.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% that the level of the lesser performing index decreases by more than 10%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$422,000
Maturity:	Dec. 20, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain of the lesser performing index, capped at par plus 13%; par if the lesser performing index falls by up to 10%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 10%
Initial index levels:	3,626.91 for S&P, 1,785.336 Russell
Buffer levels:	3,264.22 for S&P and 1,606.802 for Russell, 90% of initial levels
Pricing date:	Nov. 16
Settlement date:	Nov. 19
Selling agent:	BMO Capital Markets Corp.
Fees:	1.93%
Cusip:	06368E4J8

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