New Issue: BMO prices $355,000 buffered bullish return notes on Energy Select fund

By Devika Patel

Knoxville, Tenn., Jan. 4 –Bank of Montreal priced $355,000 of 0% buffered bullish return notes due June 29, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, subject to a maximum return of 25%

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying fund:	Energy Select Sector SPDR
Amount:	$355,000
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the fund gain, capped at 25%; par if fund falls up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	$75.69
Buffer level:	$68.12, 90% of initial level
Pricing date:	Dec. 28
Settlement date:	Dec. 30
Underwriter:	BMO Capital Markets Corp.
Fees:	0.6%
Cusip:	06367TQH6

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