Bank of Montreal to price buffered bullish notes linked to gasoline

By Angela McDaniels

Tacoma, Wash., April 24 - Bank of Montreal plans to price 0% buffered bullish notes due Nov. 14, 2012 linked to the first nearby futures contract for New York Harbor RBOB gasoline traded on the New York Mercantile Exchange, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 110% to 130% of any increase in the futures contract price. The exact upside leverage factor will be set at pricing. Investors will receive par if the price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 06366RAD7) will price May 10 and settle May 15.

BMO Capital Markets Corp. is the agent.

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