New Issue: BMO prices $442,000 buffered bullish enhanced return notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 1 – Bank of Montreal priced $442,000 of 0% buffered bullish enhanced return notes due March 31, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain of the lesser performing index, up to a maximum redemption amount of $1,205 per $1,000 principal amount.

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

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$442,000
Maturity:	March 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the lesser performing index, up to a maximum redemption amount of $1,205 per $1,000 principal amount; par if the lesser performing index falls by up to 10%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 10%
Initial levels:	2,915.56 for S&P, 1,708.805 for Russell
Buffer levels:	2,624 for S&P, 1,537.925 for Russell, 90% of initial levels
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	BMO Capital Markets Corp.
Fees:	0.6%
Cusip:	06367WBX0

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