New Issue: BMO sells $866,000 buffer enhanced return notes on S&P, Russell, Dow

By Kiku Steinfeld

Chicago, April 19 – Bank of Montreal priced $866,000 of 0% buffer enhanced return notes due Oct. 31, 2022 linked to the lesser performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain of the lesser performing index, capped at a return of par plus 12.5%.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% that the level of the lesser performing index decreases by more than 10%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying indexes:	Russell 2000 index, S&P 500 index and Dow Jones industrial average
Amount:	$866,000
Maturity:	Oct. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the lesser performing index, capped at par plus 12.5%; par if the lesser performing index falls by up to 10%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 10%
Initial index levels:	4,443.11 for S&P, 34,869.37 for Dow, 2,281.003 for Russell
Buffer levels:	3,998.80 for S&P, 31,382.43 for Dow, 2,052.903 for Russell, 90% of initial levels
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Selling agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06368EWE8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.