New Issue: BMO prices $2.08 million digital return buffer notes linked to S&P 500

Chicago, May 4 – Bank of Montreal priced $2.08 million of 0% digital return buffer notes due April 28, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s return is greater than or equal to its 85% buffer level, the payout at maturity will be par plus 44.5%.

Otherwise, investors will lose 1% for every 1% that the index declines beyond the buffer.

BMO Capital Markets is the agent.

Issuer:	Bank of Montreal
Issue:	Digital return buffer notes
Underlying index:	S&P 500 index
Amount:	$2,082,000
Maturity:	April 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index’s return is greater than or equal to buffer level, par plus 44.5%; otherwise, 1% loss for every 1% that the index declines beyond the buffer
Initial level:	4,071.63
Principal buffer level:	3,460.89; 85% of initial level
Pricing date:	April 25
Settlement date:	April 28
Agent:	BMO Capital Markets
Fees:	3.3%
Cusip:	06374VRY4

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