New Issue: Bank of Montreal prices $30,000 buffered bullish notes linked to iShares Russell 2000

By Susanna Moon

Chicago, Feb. 28 - Bank of Montreal priced $30,000 of 0% buffered bullish enhanced return notes due March 8, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of $1,110 per $1,000 principal amount of the notes.

Investors will receive par if the fund falls by up to 10% and will be exposed to any decline beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares Russell 2000 index fund
Amount:	$30,000
Maturity:	March 8, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at 11%; par if fund drops by up to 10%; exposure to losses beyond 10%
Initial price:	$82.64
Buffer level:	$74.38, 90% of initial price
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06366Q2T3

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