New Issue: Bank of Montreal sells $20,000 buffered bullish notes tied to SPDR Dow Jones REIT ETF

By Wendy Van Sickle

Columbus, Ohio, March 29 – Bank of Montreal priced $20,000 of buffered bullish enhanced return notes due March 29, 2018 linked to the SPDR Dow Jones REIT exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a maximum redemption amount of $1,142.50 for each $1,000 principal amount.

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

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying ETF:	SPDR Dow Jones REIT
Amount:	$20,000
Maturity:	March 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, up to a maximum redemption amount of $1,142.50 per $1,000 note; par if fund falls by up to 10%; exposure to losses beyond 10%
Initial price:	$92.76
Pricing date:	March 28
Settlement date:	March 31
Agent:	BMO Capital Markets Corp.
Fees:	2.3%
Cusip:	06367TBH2

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