New Issue: BMO sells $576,000 buffered bullish enhanced return notes on iShares EM

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – Bank of Montreal priced $576,000 of 0% buffered bullish enhanced return notes due July 31, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, subject to a maximum return of 20%.

Investors will receive par if the fund falls by up to 21% and will lose 1% for every 1% decline beyond 21%.

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:	$576,000
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, capped at 20%; par if fund falls up to 21%; 1% loss for every 1% decline beyond 21%
Initial price:	$44.53
Buffer level:	$35.18, 79% of initial price
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367T7L8

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