New Issue: BMO prices $880,000 buffer bullish digital return notes tied to Russell

By Susanna Moon

Chicago, Nov. 8 – Bank of Montreal priced $880,000 of 0% buffered bullish digital return notes due April 29, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its 85% threshold, the payout at maturity will be par plus the digital return of 19.25%.

Otherwise, investors will be exposed to any losses beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying index:	Russell 2000
Amount:	$880,000
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% threshold, par plus 19.25%; otherwise, 1% loss per 1% decline beyond 15%
Initial level:	1,483.821
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	BMO Capital Markets Corp.
Fees:	2.75%
Cusip:	06367WCV3

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