New Issue: BMO prices $57,000 buffer enhanced return notes linked to Russell 2000

Chicago, Feb. 13 – Bank of Montreal priced $57,000 of 0% buffer enhanced return notes due Jan. 4, 2027 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, subject to a maximum return of par plus 45.6%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the level of the index decreases by more than 10%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$57,000
Maturity:	Jan. 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain of the index, capped at par plus 45.6%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% of index decline below 10%
Initial index level:	2,058.335
Buffer level:	1,852.502; 90% of initial level
Pricing date:	Dec. 28, 2023
Settlement date:	Jan. 3, 2024
Selling agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06375MMN2

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