New Issue: Bank of Montreal prices $45,000 buffered bullish digital return notes on iShares Russell

By Jennifer Chiou

New York, Feb. 26 - Bank of Montreal priced $45,000 of 0% buffered bullish digital return notes due Feb. 29, 2016 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus a digital return of 22.25%.

Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying fund:	iShares Russell 2000
Amount:	$45,000
Maturity:	Feb. 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 22.25%; par if fund falls by up to 15%; exposure to losses beyond 15%
Initial price:	$91.03
Buffer level:	$77.38, 85% of initial price
Pricing date:	Feb. 22
Settlement date:	Feb. 28
Agent:	BMO Capital Markets Corp.
Fees:	2.5%
Cusip:	06366RLL7

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