New Issue: BMO sells $716,000 buffered bullish enhanced notes on MSCI EM fund

By Tali Rackner

Minneapolis, Oct. 13 – Bank of Montreal priced $716,000 of 0% buffered bullish enhanced return notes due Oct. 10, 2019 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 1.5 times any fund gain, up to a maximum redemption amount of $1,180 per $1,000 principal amount.

Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$716,000
Maturity:	Oct. 10, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, capped at 18%; par if fund falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial level:	$45.86
Buffer level:	$38.98, 85% of initial level
Pricing date:	Oct. 5
Settlement date:	Oct. 10
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367TK82

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