New Issue: BMO sells $6.57 million buffer enhanced return notes linked to EAFE ETF

By William Gullotti

Buffalo, N.Y., Feb. 3 – Bank of Montreal priced $6.57 million of 0% buffer enhanced return notes due Jan. 31, 2025 linked to the performance of the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any ETF gain, subject to a maximum return of par plus 30%.

Investors will receive par if the ETF falls by up to 15% and will lose 1% for each 1% that the level of the ETF decreases by more than 15%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$6,574,000
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain of the ETF, capped at par plus 30%; par if the ETF falls by up to 15%; otherwise, 1% loss for each 1% of ETF decline below 15%
Initial level:	$71.60
Buffer level:	$60.86; 85% of initial level
Pricing date:	Jan. 27
Settlement date:	Jan. 31
Selling agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06374VL79

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