New Issue: Bank of Montreal prices $2.87 million bullish enhanced return notes linked to stocks

By Susanna Moon

Chicago, April 20 – Bank of Montreal priced $545,000 of 0% bullish enhanced return notes due April 21, 2017 linked to a basket of equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are American Airlines Group Inc., Alaska Air Group, Inc., Delta Air Lines, Inc., JetBlue Airways Corp. and United Continental Holdings, Inc.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 40% to 27.75%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish enhanced return notes
Underlying stocks:	American Airlines Group Inc. (Symbol: AAL), Alaska Air Group, Inc. (Symbol: ALK), Delta Air Lines, Inc. (Symbol: DAL), JetBlue Airways Corp. (Symbol: JBLU) and United Continental Holdings, Inc. (Symbol: UAL), equally weighted
Amount:	$2.87 million
Maturity:	April 21, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at 40%; exposure to any losses
Pricing date:	April 16
Settlement date:	April 23
Agent:	BMO Capital Markets Corp.
Fees:	2.4%
Cusip:	06366RJ22

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