New Issue: BMO sells $1.15 million buffered bullish enhanced notes on S&P 500

By Marisa Wong

Morgantown, W.Va., April 6 – Bank of Montreal priced $1.15 million of 0% buffered bullish enhanced return notes due June 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2.5 times any index gain, up to a maximum redemption amount of $1,125 per $1,000 principal amount.

Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$1,149,000
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2.5 times any index gain, capped at 12.5%; par if the index falls by up to 5%; exposure to any losses beyond 5%
Initial level:	2,658.55
Pricing date:	March 26
Settlement date:	March 29
Agent:	BMO Capital Markets Corp.
Fees:	0.5%
Cusip:	06367T4E7

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