New Issue: BMO sells $40,000 buffered bullish enhanced notes on Energy Select Sector SPDR

By Devika Patel

Knoxville, Tenn., Dec. 30 – Bank of Montreal priced $40,000 of 0% buffered bullish enhanced return notes due Dec. 29, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain capped at a maximum payout of 128.5% of par.

Investors will receive par if the fund falls by up to 10% and will be exposed to losses beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$40,000
Maturity:	Dec. 29, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any fund gain, capped at par plus 28.5%; par if fund falls by up to 10%; exposure to any losses beyond 10%
Initial level:	$60.45
Buffer level:	$54.405, 90% of initial level
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agent:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06366R5K7

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