New Issue: BMO sells $6.2 million buffered bullish enhanced return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – Bank of Montreal priced $6.2 million of 0% buffered bullish enhanced return notes due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain up to a maximum redemption amount of par plus 17%.

Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$6.2 million
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 17%; par if the index falls by up to 15%; exposure to any losses beyond 15%
Initial level:	2,984.87
Buffer level:	2,537.14, 85% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WQK2

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