New Issue: Bank of Montreal sells $3.65 million buffered bullish enhanced notes tied to Russell

By Susanna Moon

Chicago, May 26 – Bank of Montreal priced $3.65 million of 0% buffered bullish enhanced return notes due June 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 10.875%.

Investors will receive par if the index fall by up to 10% and will lose 1.1111% 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:	Russell 2000
Amount:	$3,648,000
Maturity:	June 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 10.875%; par if index fall by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial level:	1,256.737
Buffer level:	1,131.063, 90% of initial level
Pricing date:	May 21
Settlement date:	May 29
Agent:	BMO Capital Markets Corp.
Fees:	0.1%
Cusip:	06366RN68

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