New Issue: BMO prices $500,000 barrier enhanced return notes linked to banking ETF

Chicago, June 21 – Bank of Montreal priced $500,000 of 0% barrier enhanced return notes due June 5, 2026 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain of the ETF, capped at par plus 90%.

Investors will receive par if the ETF falls by up to 30% and will be fully exposed to the decline of the ETF if it falls beyond the 70% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$500,000
Maturity:	June 5, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain of ETF, capped at par plus 90%; par if ETF falls by up to 30%; otherwise, full exposure to decline of ETF from its initial level
Initial level:	$38.97
Barrier level:	$27.28; 70% of initial level
Pricing date:	May 31
Settlement date:	June 5
Underwriter:	BMO Capital Markets Corp.
Fees:	0.5%
Cusip:	06374VVQ6

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