New Issue: BMO sells $2.5 million buffered bullish enhanced return notes on Vanguard Extended Market

By Kiku Steinfeld

Chicago, Oct. 16 – Bank of Montreal priced $2.5 million of 0% buffered bullish enhanced return notes due Sept. 30, 2021 linked to the Vanguard Extended Market exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any fund gain, subject to a maximum return of 16.4%.

Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	Vanguard Extended Market ETF
Amount:	$2,498,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any fund gain, capped at 16.4%; par if fund falls up to 15%; 1% loss for every 1% decline beyond 15%
Initial price:	$117.87
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WQL0

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