New Issue: Bank of Montreal prices $2.13 million buffered bullish digital notes linked to Russell

By Susanna Moon

Chicago, Aug. 27 – Bank of Montreal priced $2.13 million of 0% buffered bullish digital return notes due Feb. 28, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the digital return of 17%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying index:	Russell 2000
Amount:	$2,129,000
Maturity:	Feb. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 17% if index gains; par if index falls by up to 15%; exposure to losses beyond 15%
Initial level:	1,132.19
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06366RU94

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