New Issue: BMO prices $22,000 barrier enhanced return notes linked to S&P, Dow ETF

By Wendy Van Sickle

Columbus, Ohio, June 9 – Bank of Montreal price $22,000 of 0% barrier enhanced return notes due May 31, 2023 linked to the lesser performing of the S&P 500 index and the SPDR Dow Jones industrial average ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 112.5% of any gain of the lesser performing asset.

Investors will receive par if the lesser performing asset falls by up to 40% and will be fully exposed to the decline of the lesser performing asset if it falls beyond the 60% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 and SPDR Dow Jones industrial average ETF
Amount:	$22,000
Maturity:	May 31, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 112.5% of any gain of lesser-performing asset; par if lesser-performing asset falls by up to 40%; full exposure to loss if lesser-performing falls by more than 40%
Initial asset levels:	3,044.31 for S&P and $254.29 for fund
Barrier levels:	1,826.59 for S&P and $152.57 for fund, 60% of initial levels
Pricing date:	May 29
Settlement date:	June 3
Underwriter:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WG31

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