New Issue: BMO sells $233,000 of buffered bullish enhanced notes on MSCI EM ETF

By Devika Patel

Knoxville, Tenn., Nov. 29 – Bank of Montreal priced $233,000 of 0% buffered bullish enhanced return notes due Nov. 30, 2018 linked to the iShares MSCI Emerging Markets exchange-traded 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 $1,140 per $1,000 of notes.

Investors will receive par if the fund falls by up to 26% and will lose 1% for each 1% decline beyond 26%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI Emerging Markets exchange-traded fund
Amount:	$233,000
Maturity:	Nov. 30, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any fund gain, capped at $1,140; par if fund falls by up to 26%; 1% loss for each 1% decline beyond 26%
Initial level:	$35.46
Buffer level:	$26.24, 74% of initial level
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agents:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367TNR7

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