New Issue: BMO prices $917,000 buffer enhanced return notes linked to Russell 2000

By Kiku Steinfeld

Chicago, March 22 – Bank of Montreal priced $917,000 of 0% buffer enhanced return notes due Jan. 6, 2026 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 150% of any index gain, subject to a maximum return of par plus 37.2%.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% that the level of the index decreases by more than 20%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$917,000
Maturity:	Jan. 6, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the index, capped at par plus 37.2%; par if the index falls by up to 20%; otherwise, 1% loss for each 1% of index decline below 20%
Initial index level:	1,888.734
Buffer level:	1,510.987; 80% of initial level
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Selling agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06374VXG6

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