New Issue: BMO prices $1.5 million barrier enhanced return notes linked to Russell

By William Gullotti

Buffalo, N.Y., Dec. 18 – Bank of Montreal priced $1.5 million of 0% barrier enhanced return notes due Dec. 15, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 175% of any index gain, capped at par plus 44.9%.

Investors will receive par if the index falls by up to 40% and will be fully exposed to the decline of the index if it falls beyond the 60% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$1,501,000
Maturity:	Dec. 15, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any index gain, capped at par plus 44.9%; par if index falls by up to 40%; otherwise, full exposure to decline of index from its initial level
Initial index level:	1,883.681
Barrier level:	1,130.209; 60% of initial level
Strike date:	Dec. 11
Pricing date:	Dec. 12
Settlement date:	Dec. 15
Underwriter:	BMO Capital Markets Corp.
Fees:	0.6%
Cusip:	06375MNB7

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