New Issue: BMO sells $466,000 bullish enhanced return note on oil & gas ETF

By Marisa Wong

Morgantown, W.Va., March 21 – Bank of Montreal priced $466,000 of 0% bullish enhanced return notes due June 22, 2017 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any fund gain, subject to a maximum redemption amount of $1,410 per $1,000 principal amount.

Investors will be fully exposed to any fund decline.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish enhanced return notes
Underlying fund:	SPDR S&P Oil & Gas Exploration and Production exchange-traded fund
Amount:	$466,000
Maturity:	June 22, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 300% of any fund gain, capped at par plus 41%; full exposure to losses
Initial price:	$30.96
Pricing date:	March 17
Settlement date:	March 22
Agent:	BMO Capital Markets Corp.
Fees:	2.5%
Cusip:	06367TCE8

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