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Published on 8/2/2016 in the Prospect News Structured Products Daily.

New Issue: BMO prices $43,000 upside booster notes with barrier tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Aug. 2 – Bank of Montreal priced $43,000 of 0% upside booster notes with a barrier due July 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains by more than the 23% booster percentage, the payout at maturity will be par plus the index return.

If the index return is between negative 10% and the booster amount, the payout will be par plus 23%.

Otherwise, investors will lose 1% for every 1% that the final index level is below the initial index level.

BMO Capital Markets Corp. is the agent.

Issuer:Bank of Montreal
Issue:Upside booster notes with barrier
Underlying index:Euro Stoxx 50
Amount:$43,000
Maturity:July 31, 2019
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index gains by more than the 23% booster percentage, par plus the index return; if the index return is between negative 10% and the booster amount, par plus 23%; otherwise, investors will lose 1% for every 1% that the final index level is below the initial index level
Initial level:2,978.90
Barrier level:2,681.01, 90% of initial level
Pricing date:July 26
Settlement date:July 29
Agent:BMO Capital Markets Corp.
Fees:1.2%
Cusip:06367TGZ7

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