New Issue: BMO sells $3.69 million barrier enhanced return notes linked to Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Feb. 7 – Bank of Montreal priced $3.69 million of 0% barrier enhanced return notes due April 14, 2026 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 147% of any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 30% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 70% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying indexes:	Russell 2000 index and Nasdaq-100 index
Amount:	$3,688,000
Maturity:	April 14, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 147% of any gain of lesser-performing index; par if lesser-performing index falls by up to barrier level; full exposure to decline of lesser-performing index if it falls by more than barrier level
Initial index levels:	13,845.05 for Nasdaq, 2,243.474 for Russell
Barrier levels:	9,691.54 for Nasdaq, 1,570.432 for Russell; 70% of initial levels
Pricing date:	April 9
Settlement date:	April 14
Underwriter:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06368EJC7

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