New Issue: BMO sells $727,000 buffered bullish enhanced return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 1 – Bank of Montreal priced $727,000 of 0% buffered bullish enhanced return notes due May 28, 2021 linked to the lesser performing of 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 150% of any gain of the lesser performing index, capped at a return of par plus 18%.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% that the level of the lesser performing index decreases by more than 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$727,000
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the lesser performing index, capped at par plus 18%; par if the lesser performing index falls by up to 10%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 10%
Initial index levels:	1,281.878 for Russell, 2,878.48 for S&P
Buffer levels:	1,153.69 for Russell, 2,590.63 for S&P, 90% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	BMO Capital Markets Corp.
Fees:	1.93%
Cusip:	06367WZU0

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