New Issue: Bank of Montreal prices $412,000 enhanced return notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., July 31 – Bank of Montreal priced $412,000 of 0% buffered bullish enhanced return notes due Oct. 31, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum redemption amount of $1,160 per $1,000 principal amount of notes. Investors will receive par if the ETF declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$412,000
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, subject to 16% maximum return; par if ETF declines by 5% or less; 1% loss for every 1% that ETF declines beyond 5%
Initial share price:	$64.22
Pricing date:	July 28
Settlement date:	July 31
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06366RU52

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