New Issue: Bank of Montreal prices $331,000 contingent risk absolute return notes on S&P 500

By Susanna Moon

Chicago, Oct. 17 - Bank of Montreal priced $331,000 of 0% contingent risk absolute return notes due Oct. 19, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the gain.

If index falls by up to the 76% barrier level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes
Underlying index:	S&P 500
Amount:	$331,000
Maturity:	Oct. 19, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return; if index falls by up to 24%, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	1,698.06
Barrier level:	1,290.53, 76% of initial share price
Pricing date:	Oct. 15
Settlement date:	Oct. 18
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06366RRP2

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