New Issue: Bank of Montreal prices $84,000 14% reverse exchangeables linked to US Airways

By Susanna Moon

Chicago, June 17 - Bank of Montreal priced $84,000 of 14% annualized reverse exchangeable notes due Sept. 20, 2011 linked to US Airways Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless US Airways stock closes below the trigger price - 80% of the initial share price - during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of shares of US Airways stock equal to $1,000 divided by the initial share price or, at the issuer's option, the cash equivalent.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Reverse exchangeable notes
Underlying stock:	US Airways Group, Inc. (Symbol: LCC)
Amount:	$84,000
Maturity:	Sept. 20, 2011
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par unless US Airways stock ever closes below trigger price and finishes at less than initial share price, in which case 121.5067 US Airways shares
Initial share price:	$8.23
Trigger price:	$6.58, 80% of initial level
Pricing date:	June 15
Settlement date:	June 20
Agent:	BMO Capital Markets Corp.
Fees:	1.75%
Cusip:	06366QMQ7

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