New Issue: Bank of Montreal sells $1.17 million buffered bullish notes tied to MSCI EAFE ETF

By Tali Rackner

Norfolk, Va., June 7 – Bank of Montreal priced $1.17 million of 0% buffered bullish enhanced return notes due May 31, 2018 linked the to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum redemption amount of $1,140 per $1,000 principal amount.

Investors will receive par if the fund falls by up to 22% and will lose 1% for each 1% decline beyond 22%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$1,167,000
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.5 times any fund gain, capped at 9.33%; par if fund declines by up to 22%; exposure to any losses beyond 22%
Initial level:	$58.72
Buffer level:	$45.80, 78% of initial level
Pricing date:	May 26
Settlement date:	May 31
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367TFB1

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