New Issue: BMO sells $1.67 million buffered bullish enhanced return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 18 – Bank of Montreal priced $1.67 million of 0% buffered bullish enhanced return notes due June 21, 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 14%.

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:	$1,673,000
Maturity:	June 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the lesser performing index, capped at par plus 14%; 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:	1,256.992 for Russell, 2,863.7 for S&P
Buffer levels:	1,131.293 for Russell, 2,577.33 for S&P, 90% of initial levels
Pricing date:	May 15
Settlement date:	May 20
Agent:	BMO Capital Markets Corp.
Fees:	1.93%
Cusip:	06367WF32

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