New Issue: BMO sells $754,000 buffer enhanced return notes on S&P, Russell, Dow

By Kiku Steinfeld

Chicago, Oct. 24 – Bank of Montreal priced $754,000 of 0% buffer enhanced return notes due Feb. 28, 2025 linked to the lesser performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any gain of the lesser performing index.

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:	Buffer enhanced return notes
Underlying indexes:	Russell 2000 index, S&P 500 index and Dow Jones industrial average
Amount:	$754,000
Maturity:	Feb. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any gain of the lesser performing index; 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:	1,944.092 for Russell, 4,225.50 for S&P, 33,131.76 for Dow
Buffer levels:	1,749.683 for Russell, 3,802.95 for S&P, 29,818.58 for Dow, 90% of initial levels
Pricing date:	Feb. 23, 2022
Settlement date:	Feb. 28, 2022
Agent:	BMO Capital Markets Corp.
Fees:	1.2%
Cusip:	06368GJM0

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