New Issue: BMO prices $400,000 buffer enhanced return notes linked to Schwab

Chicago, Feb. 6 – Bank of Montreal priced $400,000 of 0% buffer enhanced return notes due Nov. 18, 2024 linked to the stock performance of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any stock gain, subject to a maximum return of par plus 30%.

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

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying stock:	Charles Schwab Corp.
Amount:	$400,000
Maturity:	Nov. 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain of the stock, capped at par plus 30%; par if the stock falls by up to 20%; otherwise, 1% loss for each 1% of stock decline below 20%
Initial level:	$50.94
Buffer level:	$40.75; 80% of initial level
Pricing date:	May 15, 2023
Settlement date:	May 18, 2023
Selling agent:	BMO Capital Markets Corp.
Fees:	1.75%
Cusip:	06374VUS3

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