New Issue: BMO sells $1.48 million leveraged upside participation market-linked notes on Russell

By William Gullotti

Buffalo, N.Y., July 6 – Bank of Montreal priced $1.48 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 6, 2022 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 200% of the gain in the index, capped at $1,080 per security.

If the index falls by up to 7.5%, the payout will be par.

Investors will lose 1% for every 1% decline of the index beyond the 7.5% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying:	Russell 2000 index
Amount:	$1,477,000
Maturity:	Oct. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of the index gain, capped at $1,080 per security; if index falls by up to 7.5%, par; otherwise, 1% loss for every 1% decline of index beyond 7.5% buffer
Initial level:	2,310.549
Buffer level:	2,137.257825; 92.5% of initial level
Pricing date:	June 30
Settlement date:	July 6
Agent:	Wells Fargo Securities, LLC
Fees:	2.12%
Cusip:	06368ENA6

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