New Issue: BMO prices $2.19 million barrier enhanced return notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 17 – Bank of Montreal price $2.19 million of 0% barrier enhanced return notes due April 20, 2023 linked to 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 132.5% of any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 30% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 70% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Basket components:	S&P 500 and Russell 2000
Amount:	$2,189,000
Maturity:	April 20, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 132.5% of any gain of lesser-performing index; par if lesser-performing index falls by up to 30%; full exposure to loss if lesser-performing falls by more than 30%
Initial index levels:	2,783.36 for S&P and 1,183.977 for Russell
Barrier levels:	1,948.35 for S&P and 8228.784 for Russell, 70% of initial levels
Pricing date:	April 15
Settlement date:	April 20
Underwriter:	BMO Capital Markets Corp.
Fees:	3.2%
Cusip:	06367WZC0

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