New Issue: BMO prices $1.24 million digital return barrier notes on S&P, Russell

Chicago, April 8 – Bank of Montreal priced $1.24 million of 0% digital return barrier notes due May 5, 2025 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing index’s return is greater than or equal to 75% of its initial level, the payout at maturity will be par plus 10.1%.

Otherwise, investors will lose 1% for every 1% that the least performing index declines from its initial level.

BMO Capital Markets is the agent.

Issuer:	Bank of Montreal
Issue:	Digital return barrier notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,235,000
Maturity:	May 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the least performing index’s return is greater than or equal to digital barrier level, par plus 10.1%; otherwise, 1% loss for every 1% that the least performing index declines from its initial level
Initial levels:	2,065.037 for Russell, 5,205.81 for S&P
Barrier levels:	1,548.778 for Russell, 3,904.36 for S&P; 75% of initial levels
Pricing date:	April 2
Settlement date:	April 5
Agent:	BMO Capital Markets
Fees:	0.43%
Cusip:	06376A3L2

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