New Issue: BMO prices $201,000 contingent risk absolute return notes tied to Gold Miners

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – Bank of Montreal priced $201,000 of 0% contingent risk absolute return notes with digital upside due Sept. 28, 2018 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus the digital return of 21%.

If the fund falls but finishes above the 60% barrier level, the payout will be par plus the absolute value of the return, up to a maximum return of $1,400 per $1,000 of notes.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes with digital upside
Underlying ETF:	VanEck Vectors Gold Miners
Amount:	$201,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus digital return of 21%; if fund falls but not by more than 40%, par plus absolute value of return, up to a maximum downside redemption amount of $1,400 per $1,000 principal amount; if fund falls by more than 40%, full exposure to any losses
Initial level:	$26.28
Barrier level:	60% of initial level
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip;	0 06367TKQ2

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