New Issue: Bank of Montreal prices $375,000 buffered bullish enhanced notes on iShares MSCI EM

By Toni Weeks

San Luis Obispo, Calif., May 27 – Bank of Montreal priced $375,000 of 0% buffered bullish enhanced return notes due Aug. 31, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any fund gain, subject to a maximum return of 17.5%.

Investors will receive par if the fund fall by up to 5% and will lose 1% for each 1% decline beyond 5%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$375,000
Maturity:	Aug. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 17.5%; par if fund fall by up to 5%; 1% loss for each 1% decline beyond 5%
Initial level:	$42.74
Buffer level:	$40.60, 95% of initial level
Pricing date:	May 22
Settlement date:	May 28
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06366RN43

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