New Issue: BMO sells $2.05 million buffer enhanced return notes linked to Russell, S&P, Dow

By William Gullotti

Buffalo, N.Y., Oct. 29 – Bank of Montreal priced $2.05 million of 0% buffer enhanced return notes due Nov. 30, 2022 linked to the performance of the Dow Jones industrial average, 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 least performing index, subject to a maximum return of par plus 14.75%.

Investors will receive par if the worst performer falls by up to 10% and will lose 1% for every 1% decline of the worst performer beyond the 10% buffer.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:	$2,054,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of least performing index, capped at a maximum return of par plus 14.75%; par if worst performer falls by up to 10%; otherwise, 1% loss per 1% decline of worst performer beyond 10%
Initial index levels:	35,756.88 for Dow, 4,574.79 for S&P, 2,296.075 for Russell
Buffer levels:	32,181.19 for Dow, 4,117.31 for S&P, 2,066.467 for Russell; 90% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Underwriter:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06368EZ96

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