New Issue: Bank of Montreal prices $695,000 buffered notes linked to metals basket

By E. Janene Geiss

Philadelphia, Jan. 28 - Bank of Montreal priced $695,000 of 0% buffered notes due Jan. 29, 2016 linked to a basket of four equally weighted metals, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying metals are copper, lead, nickel and zinc.

The payout at maturity will be par plus any gain in the basket, up to a maximum redemption amount that is $2,500 per $1,000 principal amount of notes.

Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered notes
Underlying metals:	Copper, lead, nickel and zinc, equally weighted
Amount:	$695,000
Maturity:	Jan. 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, up to maximum of $2,500 per note; par if basket declines by up to 20%; exposure to any losses beyond 20% decline
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	BMO Capital Markets Corp.
Fees:	3.5%
Cusip:	06366QBH9

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