New Issue: BMO prices $307,000 buffered bullish enhanced return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., May 6 – Bank of Montreal priced $307,000 of 0% buffered bullish enhanced return notes due July 31, 2017 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 200% of any index gain, up to a maximum redemption amount of $1,132 per $1,000 principal.

If the index falls by up to 5%, the payout will be par. Investors will be exposed to any losses beyond 5%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$307,000
Maturity:	July 31, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, maximum redemption amount of $1,132 per $1,000 principal; par if index falls by up to 5%; exposure to any losses beyond 5%
Initial level:	2,091.70
Pricing date:	April 26
Settlement date:	April 29
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367TDP2

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