Bank of Montreal to price contingent risk absolute return notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Aug. 20 - Bank of Montreal plans to price 0% contingent risk absolute return notes due Sept. 4, 2015 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event will occur if the fund's closing share price is less than the barrier level on any day during the life of the notes. The barrier level is expected to be 70% to 74% of the initial share price and will be set at pricing.

If the fund return is positive, the payout at maturity will be par plus the fund return. If the fund return is not positive and a barrier event does not occur, the payout will be par plus the absolute value of the fund return. If the fund return is not positive and a barrier event does occur, investors will be fully exposed to the fund's decline from the initial price.

BMO Capital Markets Corp. is the agent.

The notes are expected to price Aug. 29 and settle Sept. 4.

The Cusip number is 06366RQP3.

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