New Issue: BMO sells $300,000 bullish enhanced return notes tied to S&P, Russell

By Marisa Wong

Morgantown, W.Va., Jan. 12 – Bank of Montreal priced $300,000 of 0% bullish enhanced return notes due July 12, 2019 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the lesser performing index, up to a maximum redemption amount of $1,300 per $1,000 principal amount.

If the lesser performing index falls by up to 15%, the payout will be par.

If the lesser performing index falls by more than 15%, investors will be fully exposed to the decline of that index.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish enhanced return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$300,000
Maturity:	July 12, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain in lesser performing index, capped at 30%; par if lesser performing index falls by up to 15%; otherwise, full exposure to decline of lesser performing index
Initial levels:	2,751.29 for S&P and 1,560.099 for Russell
Pricing date:	Jan. 9
Settlement date:	Jan. 12
Agent:	BMO Capital Markets Corp.
Fees:	0.125%
Cusip:	06367TX54

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