New Issue: BMO sells $360,000 buffer enhanced return notes linked to S&P 500

By Kiku Steinfeld

Chicago, March 27 – Bank of Montreal priced $360,000 of 0% buffer enhanced return notes due June 7, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 100% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% that the level of the index decreases by more than 20%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying index:	S&P 500 index
Amount:	$360,000
Maturity:	June 7, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 100% of any gain of the index; par if the index falls by up to 20%; otherwise, 1% loss for each 1% of index decline below 20%
Initial index level:	4,071.70
Buffer level:	3,257.36; 80% of initial level
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Selling agent:	BMO Capital Markets Corp.
Fees:	3.85%
Cusip:	06374VEU6

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