New Issue: BMO sells $1.94 million buffer enhanced return notes linked to weighted index basket

By William Gullotti

Buffalo, N.Y., Jan. 5 – Bank of Montreal priced $1.94 million of 0% buffer enhanced return notes due Dec. 27, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 45% weight, the MSCI EAFE index with a 25% weight, the Russell 2000 index with a 20% weight and the MSCI Emerging Markets index with a 10% weight.

The payout at maturity will be par plus 130.5% of any gain of the basket.

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

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	S&P 500 index (45% weight), MSCI EAFE index (25% weight), Russell 2000 index (20% weight), MSCI Emerging Markets index (10% weight)
Amount:	$1,936,000
Maturity:	Dec. 27, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130.5% of any basket gain; par if basket falls by up to 10%; otherwise, 1% loss per 1% decline of basket beyond 10%
Initial index levels:	3,490.6 for S&P, 1,761.82 for EAFE, 1,599.247 for Russell, 857.68 for Emerging Markets
Buffer level:	90% of initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Underwriter:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06374VH82

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