New Issue: BMO prices $2.55 million buffered bullish return notes on stock basket

By Susanna Moon

Chicago, Dec. 26 – Bank of Montreal priced $2.55 million of 0% buffered bullish return notes due Dec. 26, 2018 linked to a basket of equally weighted common stocks, according to a 424B2 filed with the Securities and Exchange Commission.

The underlying companies are Apple Inc., AbbVie Inc., CVS Health Corp., Hanesbrands, Inc. and Altria Group, Inc.

The payout at maturity will be par plus 150% of any basket gain, up to a maximum of $1,180 for each $1,000 principal amount.

Investors will receive par if the basket falls by up to 5% and will lose 1% for every 1% decline beyond the buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying stocks:	Apple Inc. (Symbol: AAPL), AbbVie Inc. (Symbol: ABBV), CVS Health Corp. (Symbol: CVS), Hanesbrands, Inc. (Symbol: HBI) and Altria Group, Inc. (Symbol: MO)
Amount:	$2,551,000
Maturity:	Dec. 26, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of basket gain, capped at 18%; par if basket falls up to 5%; 1% loss per 1% decline beyond 5%
Initial levels:	$172.22 for Apple, $96.30 for AbbVie, $70.80 for CVS, $21.26 for Hanes and $71.79 for Altria
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Underwriter:	BMO Capital Markets Corp.
Fees:	0.41%
Cusip:	06367TT75

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