New Issue: BMO sells $3 million barrier enhanced return notes linked to EAFE ETF, Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., Nov. 8 – Bank of Montreal priced $3 million of 0% barrier enhanced return notes due Nov. 4, 2026 linked to the lesser performing of the iShares MSCI EAFE ETF, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 222% of any gain of the least performing underlier.

Investors will receive par if the laggard underlier falls by up to 20% and will be fully exposed to the decline of the worst performer if it falls beyond the 80% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying assets:	S&P 500 index, Nasdaq-100 index, iShares MSCI EAFE ETF
Amount:	$3 million
Maturity:	Nov. 4, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 222% of any gain of least performing underlier; par if laggard underlier falls by up to 20%; otherwise, full exposure to decline of worst performer from its initial level
Initial index levels:	$81.27 for ETF, 15,905.28 for Nasdaq, 4,613.67 for S&P
Barrier levels:	$65.02 for ETF, 12,724.22 for Nasdaq, 3,690.94 for S&P; 80% of initial levels
Pricing date:	Nov. 1
Settlement date:	Nov. 4
Underwriter:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06368G2R7

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