New Issue: BMO prices $1.54 million barrier enhanced return notes linked to S&P

Chicago, Sept. 13 – Bank of Montreal priced $1.54 million of 0% barrier enhanced return notes due Aug. 31, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 120% of any gain of the index.

Investors will receive par if the index falls by up to 30% and will be fully exposed to the decline of the index if it falls beyond the 70% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying index:	S&P 500 index
Amount:	$1,536,000
Maturity:	Aug. 31, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any gain of index; par if index falls by up to 30%; otherwise, full exposure to decline of index from its initial level
Initial index level:	4,057.66
Barrier level:	2,840.36; 70% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	BMO Capital Markets Corp.
Fees:	3.625%
Cusip:	06368GZA8

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