New Issue: BMO sells $30,000 buffered bullish digital return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, April 3 – Bank of Montreal priced $30,000 of 0% buffered bullish digital return notes due March 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 20%, the payout at maturity will be par plus 28%. Otherwise, investors will lose 1% for every 1% decline beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying index:	S&P 500 index
Amount:	$30,000
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least negative 20%, par plus 28%; otherwise, 1% loss for every 1% decline beyond 20%
Initial value:	2,818.46
Buffer level:	2,254.77, 80% of initial value
Pricing date:	March 26
Settlement date:	March 29
Agent:	BMO Capital Markets Corp.
Fees:	1.4%
Cusip:	06367WJE4

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