New Issue: Bank of Montreal prices $1.94 million buffered bullish return notes on iShares MSCI EM EAFE By Jennifer Chiou

New York, Feb. 4 - Bank of Montreal priced $1.94 million of 0% buffered bullish return notes due Jan. 30, 2015 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive on the Jan. 27, 2015 valuation date, the payout at maturity will be par plus the fund return, subject to a maximum return of 18.25%.

If the fund declines by up to 20%, the payout will be par.

If the fund declines by more than 20%, investors will lose 1% for every 1% decline beyond the 20% buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$1,938,000
Maturity:	Jan. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive on Jan. 27, 2015, par plus fund return, capped at 18.25%; if fund falls by up to 20%, par; otherwise, 1% loss for every 1% decline beyond the 20% buffer
Initial price:	$58.74
Buffer level:	$46.99, 80% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06366RKZ7

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