New Issue: Bank of Montreal prices $55,000 buffered bullish enhanced return notes on S&P 500

By Marisa Wong

Madison, Wis., March 31 – Bank of Montreal priced $55,000 of 0% buffered bullish enhanced return notes due March 29, 2018 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 double any index gain, up to a maximum return of 28.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 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 index
Amount:	$55,000
Maturity:	March 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to a maximum return of 28.5%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial index level:	2,056.15
Buffer level:	1,850.54, 90% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06366RB95

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