New Issue: BMO prices $5.75 million barrier enhanced return notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., May 5 – Bank of Montreal price $5.75 million of 0% barrier enhanced return notes due April 29, 2022 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.

Investors will receive par if the lesser performing index falls by up to 25% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 75% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$5,747,000
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any gain of lesser-performing index; par if lesser-performing index falls by up to 25%; full exposure to loss if lesser-performing falls by more than 25%
Initial index levels:	2,939.51 for S&P and 1,360.763 for Russell
Barrier levels:	2,204.63 for S&P and 1,020.572 for Russell, 75% of initial levels
Pricing date:	April 29
Settlement date:	May 4
Underwriter:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06367WZZ9

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