New Issue: BMO prices $1.92 million buffered bullish enhanced return notes on stock basket

By Sarah Lizee

Olympia, Wash., Jan. 15 – Bank of Montreal priced $1.92 million of 0% buffered bullish enhanced return notes due Jan. 23, 2020 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying stocks are Amazon.com, Inc., CVS Health Corp., FedEx Corp., International Business Machines Corp. and Northrop Grumman Corp.

The payout at maturity will be par plus 150% of any basket gain, capped at par plus 20%.

Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying basket:	Amazon.com, Inc., CVS Health Corp., FedEx Corp., International Business Machines Corp. and Northrop Grumman Corp.; equal weights
Amount:	$1,916,000
Maturity:	Jan. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, capped at par plus 20%; par if basket falls by up to 5%; exposure to losses beyond 5%
Initial levels:	$1,640.56 for Amazon, $65.81 for CVS, $170.99 for FedEx, $121.46 for IBM, $256.05 for Northrop
Pricing date:	Jan. 11
Settlement date:	Jan. 16
Agent:	BMO Capital Markets Corp.
Fees:	0.4%
Cusip:	06367WFY4

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