New Issue: Bank of Montreal prices $60,000 buffered digital return notes linked to iShares Russell

By Toni Weeks

San Diego, June 17 - Bank of Montreal priced $60,000 of 0% buffered bullish digital return notes due June 20, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 17.75%. Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying fund:	iShares Russell 2000 index fund
Amount:	$60,000
Maturity:	June 20, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 17.75% if the fund return is positive; par for decline in fund of up to 10%, with 1% loss for every 1% decline beyond 10%
Initial level:	$78.05
Buffer level:	$70.25, 90% of initial level
Pricing date:	June 15
Settlement date:	June 20
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06366QMX2

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