New Issue: BMO sells $1.4 million buffered bullish enhanced return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 3 – Bank of Montreal priced $1.4 million of 0% buffered bullish enhanced return notes due Sept. 30, 2020 linked to the lesser performing of the S&P 500 index and 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 gain of the lesser performing index, up to a maximum redemption amount of par plus 21%.

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

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,396,000
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the lesser performing index, up to a maximum redemption amount of par plus 21%; par if the lesser performing index falls by up to 10%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 10%
Initial index levels:	2,818.46 for S&P, 1,528.166 for Russell
Buffer levels:	2,536.61 for S&P, 1,375.349 for Russell, 90% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Agent:	BMO Capital Markets Corp.
Fees:	0.6%
Cusip:	06367WJD6

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