New Issue: BMO sells $1.25 million buffer enhanced return notes linked to S&P

Chicago, April 29 – Bank of Montreal priced $1.25 million of 0% buffer enhanced return notes due July 31, 2025 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 any index gain, subject to a maximum return of par plus 23.19%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the level of the index decreases by more than 10%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying index:	S&P 500 index
Amount:	$1,254,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 23.19%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% of index decline below 10%
Initial index level:	4,868.55
Buffer level:	4,381.70; 90% of initial level
Strike date:	Jan. 24
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Selling agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06375MU29

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