New Issue: BMO sells $3.61 million buffered bullish enhanced return notes on iShares EAFE

By Sarah Lizee

Olympia, Wash., June 5 – Bank of Montreal priced $3.61 million of 0% buffered bullish enhanced return notes due May 28, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any fund gain, subject to a maximum return of 28%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$3,614,000
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any fund gain, capped at 28%; par if fund falls up to 10%; 1% loss for every 1% decline beyond 10%
Initial price:	$63.98
Buffer price:	$57.58, 90% of initial price
Pricing date:	May 30
Settlement date:	May 31
Underwriter:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WLF8

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