New Issue: BMO prices $4.77 million buffered enhanced return notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 24 –Bank of Montreal priced $4.77 million of 0% buffered enhanced return notes due April 20, 2026 linked to theRussell 2000 index, the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index return is positive, the payout at maturity will be par plus 135% of the return. Investors will receive par if the lesser-performing index declines by 10% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffered enhanced return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$4.77 million
Maturity:	April 20, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 135% of lesser-performing index return; par if index declines by buffer level or less; 1% loss for every 1% that lesser-performing index declines beyond buffer
Initial levels:	2,799.31 for S&P, 1,201.523 for Russell
Buffer levels:	2,519.38 for S&P, 1,081.371 for Russell, or 90% of initial levels
Pricing date:	April 22
Settlement date:	April 27
Underwriter:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06367WZT3

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