New Issue: Bank of Montreal prices $281,000 reverse exchangeable notes on Coeur d'Alene

New York, June 4 - Bank of Montreal priced $281,000 of 15.64% annualized reverse exchangeable notes due Sept. 5 linked to the common stock of Coeur d'Alene Mines Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Coeur d'Alene stock closes below the trigger level, 75% of the initial share price, during the life of the notes and finishes below the initial share price, in which case the payout will be a number of shares of Coeur d'Alene 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:	Coeur d'Alene Mines Corp. (Symbol: CDE)
Amount:	$281,000
Maturity:	Sept. 5
Coupon:	15.64% annualized, payable monthly
Price:	Par
Payout at maturity:	If Coeur d'Alene stock ever closes below trigger price and finishes below initial share price, a number of Coeur d'Alene shares equal to $1,000 divided by the initial share price; otherwise, par
Initial share price:	$16.90
Trigger price:	$12.68, 75% of initial price
Pricing date:	May 31
Settlement date:	June 5
Underwriters:	BMO Capital Markets Corp.
Fees:	2%
Cusip:	06366REU5

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