New Issue: BMO prices $19.13 million buffer enhanced return notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Sept. 13 – Bank of Montreal priced $19.13 million of 0% buffer enhanced return notes due Nov. 4, 2025 linked to an unequally-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 50% weight, the MSCI EAFE index with a 30% weight and the MSCI Emerging Markets index with a 20% weight.

The payout at maturity will be par plus 200% of any gain of the basket, subject to a maximum return of par plus 28.75%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline of the basket beyond 15%.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	S&P 500 index (50% weight), MSCI EAFE index (30% weight), MSCI Emerging Markets index (20% weight)
Amount:	$19,133,000
Maturity:	Nov. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at par plus 28.75%; par if basket falls by up to 15%; otherwise, 1% loss per 1% decline of basket beyond 15%
Initial index levels:	4,451.14 for S&P 500, 2,077.17 for MSCI EAFE, 973.59 for MSCI Emerging Markets
Buffer level:	90% of initial level
Pricing date:	Sept. 7
Settlement date:	Sept. 12
Underwriter:	BMO Capital Markets Corp.
Fees:	0.21%
Cusip:	06375MBK0

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