New Issue: BMO prices $510,000 buffer enhanced return notes linked to two-index basket

Chicago, Sept. 26 – Bank of Montreal priced $510,000 of 0% buffer enhanced return notes due Sept. 27, 2027 linked to an equally-weighted basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index and the Russell 2000 index.

The payout at maturity will be par plus 111% of any gain of the basket.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline of the basket beyond 20%.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	S&P 500 index (50% weight), Russell 2000 index (50% weight)
Amount:	$510,000
Maturity:	Sept. 27, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 111% of any basket gain; par if basket falls by up to 20%; otherwise, 1% loss per 1% decline of basket beyond 20%
Initial index levels:	3,757.99 for S&P, 1,722.31 for Russell
Buffer level:	80% of initial level
Pricing date:	Sept. 22, 2022
Settlement date:	Sept. 27, 2022
Underwriter:	BMO Capital Markets Corp.
Fees:	0.625%
Cusip:	06374V5P7

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