New Issue: Bank of Montreal prices $367,000 bullish enhanced return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 5 – Bank of Montreal priced $367,000 of 0% bullish enhanced return notes due Nov. 7, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 14.25%. If the index return is negative, investors will be fully exposed to the decline.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$367,000
Maturity:	Nov. 7, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, subject to 14.25% maximum return; full exposure to any index decline
Initial index level:	2,103.84
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	BMO Capital Markets Corp.
Fees:	0.5%
Cusip:	06366RV28

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