New Issue: Bank of Montreal prices $3.85 million buffered bullish notes on S&P 500

By Marisa Wong

Madison, Wis., Oct. 16 – Bank of Montreal priced $3.85 million of 0% buffered bullish enhanced return notes due Nov. 23, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, subject to a maximum payment of $1,100 for each $1,000 principal amount. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$3.85 million
Maturity:	Nov. 23, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, return capped at 10%; par if index falls by up to 10%; 1% loss for every 1% index decline beyond 10%
Initial index level:	1,877.70
Buffer level:	1,689.93, 90% of initial level
Pricing date:	Oct. 14
Settlement date:	Oct. 21
Agent:	BMO Capital Markets Corp.
Fees:	0.1%
Cusip:	06366RXM2

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