New Issue: BMO sells $771,000 buffered bullish digital return notes on Russell

By Marisa Wong

Morgantown, W.Va., April 9 – Bank of Montreal priced $771,000 of 0% buffered bullish digital return notes due Sept. 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 15%, the payout at maturity will be par plus 19%. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying index:	Russell 2000 index
Amount:	$771,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least negative 15%, par plus 19%; otherwise, 1% loss for every 1% decline beyond 15%
Initial value:	1,543.717
Buffer level:	1,312.159, 85% of initial value
Pricing date:	March 26
Settlement date:	March 29
Agent:	BMO Capital Markets Corp.
Fees:	2.75%
Cusip:	06367T3B4

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