New Issue: BMO sells $5.05 million buffered bullish enhanced return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, June 17 – Bank of Montreal priced $5.05 million of 0% buffered bullish enhanced return notes due July 14, 2020 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 150% of any index gain up to a maximum redemption amount of par plus 9.5%.

Investors will receive par if the index falls by up to 10% 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:	$5,053,000
Maturity:	July 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 9.5%; par if the index falls by up to 10%; exposure to any losses beyond 10%
Initial level:	2,879.84
Buffer level:	2,591.86, 90% of initial level
Pricing date:	June 12
Settlement date:	June 17
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WME0

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