New Issue: BMO sells $9.42 million leveraged market-linked notes on S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, July 6 – Bank of Montreal priced $9.42 million of 0% market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside exposure due July 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% times any index gain, capped at $1,260 per $1,000 of notes. Investors will receive par if the index falls by up to 15% and will be exposed to losses in the index beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside exposure
Underlying index:	S&P 500 index
Amount:	$9.42 million
Maturity:	July 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, capped at $1,260 per $1,000 of notes; par if index falls by up to 15%; exposure to losses beyond 15%
Initial price:	3,100.29
Buffer level:	2,635.2465, 85% of initial level
Pricing date:	June 30
Settlement date:	July 6
Agents:	Wells Fargo Securities, LLC
Fees:	3.33%
Cusip:	06367WS61

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