New Issue: BMO prices $1.2 million digital return barrier notes linked to VanEck ETF

By William Gullotti

Buffalo, N.Y., April 5 – Bank of Montreal priced $1.2 million of 0% digital return barrier notes due April 2, 2025 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF’s return is greater than or equal to its 60% barrier level, the payout at maturity will be par plus 35.1%.

Otherwise, investors will receive a number of ETF shares per note equal to $1,000 divided by its initial level or, at the issuer’s option, the cash equivalent.

BMO Capital Markets is the agent.

Issuer:	Bank of Montreal
Issue:	Digital return barrier notes
Underlying fund:	VanEck Vectors Gold Miners ETF
Amount:	$1,204,000
Maturity:	April 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above barrier level, par plus 35.1%; otherwise, receive a number of shares equal to $1,000 divided by initial level or, at the issuer’s option, the cash equivalent
Initial level:	$32.31
Principal barrier level:	$19.39; 60% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	BMO Capital Markets
Fees:	1.75%
Cusip:	06369NGK1

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