New Issue: BMO sells $110,000 buffered bullish enhanced return notes on Russell

By Taylor Fox

New York, Aug. 25 – Bank of Montreal priced $110,000 of 0% buffered bullish enhanced return notes due Aug. 24, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any index gain, capped at par plus 14.5%.

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

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying index:	Russell 2000 index
Amount:	$110,000
Maturity:	Aug. 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any index gain, capped at par plus 14.5%; par if index falls up to 10%; 1% loss for every 1% decline beyond 10%
Initial price:	2,266.689
Buffer price:	2,040.02, 90% of initial price
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Underwriter:	BMO Capital Markets Corp.
Fees:	2.5%
Cusip:	06368EEM0

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