New Issue: Bank of Montreal prices $4.39 million buffered bullish enhanced notes on Russell 2000

By Jennifer Chiou

New York, March 25 – Bank of Montreal priced $4,392,000 of 0% buffered bullish enhanced return notes due May 24, 2016 linked to the Russell 2000 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 return of 12.5%.

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

The estimated initial value of the notes is $991.40 per $1,000 in principal amount.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	Russell 2000
Amount:	$4,392,000
Maturity:	May 24, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 12.5%; par if index fall by up to 10%; exposure to losses beyond 10%
Initial level:	1,264.713
Buffer level:	1,138.241, 90% of initial level
Pricing date:	March 23
Settlement date:	March 30
Agent:	BMO Capital Markets Corp.
Fees:	0.1%
Cusip:	06366RG41

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