New Issue: Bank of Montreal prices $439,000 contingent risk absolute return notes on iShares EAFE

By Susanna Moon

Chicago, July 29 - Bank of Montreal priced $439,000 of 0% contingent risk absolute return notes due July 30, 2015 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

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

If falls by up to the 71% 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 fund:	iShares MSCI EAFE index fund
Amount:	$439,000
Maturity:	July 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus return; if fund falls by up to 29%, par plus absolute value of return; otherwise, full exposure to any losses
Initial share price:	$61.18
Barrier price:	$43.44, 71% of initial share price
Pricing date:	July 25
Settlement date:	July 30
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06366RQB4

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