New Issue: BMO sells $2.63 million buffer enhanced return notes on S&P, Russell

Chicago, Dec. 10 – Bank of Montreal priced $2.63 million of 0% buffer 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 125% of any gain of the lesser performing index, capped at a return of par plus 16%.

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 selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$2,632,000
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain of the lesser performing index, capped at par plus 16%; 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:	2,195.796 for Russell, 3,958.55 for S&P
Buffer levels:	1,976.216 for Russell, 3,562.70 for S&P, 90% of initial levels
Pricing date:	March 30
Settlement date:	April 5
Selling agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06368EGE6

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