New Issue: BMO prices $560,000 buffered bullish return notes tied to S&P, Russell

By Susanna Moon

Chicago, Aug. 2 – Bank of Montreal priced $560,000 of 0% buffered bullish enhanced return notes due Jan. 31, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus 150% of the gain of the worse performing index, up to a maximum redemption amount of $1,225 per $1,000 principal amount.

Investors will receive par if either index falls by up to 10% and will be exposed to any losses of the worse performing index beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$560,000
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of worse performing index, capped at 22.5%; par if either fund falls by up to 10%; exposure to any losses of worse performing index beyond 10%
Initial levels:	2,837.44 for S&P, 1,695.36 for Russell
Pricing date:	July 26
Settlement date:	July 31
Agent:	BMO Capital Markets Corp.
Fees:	0.6%
Cusip:	06367T7E4

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