New Issue: Bank of Montreal prices $30,000 buffered bullish digital notes on real estate fund

By Jennifer Chiou

New York, Feb. 1 - Bank of Montreal priced $30,000 of 0% buffered bullish digital return notes due Jan. 29, 2016 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains, the payout at maturity will be par plus a digital return of 31%.

Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying fund:	Market Vectors Gold Miners exchange-traded fund
Amount:	$30,000
Maturity:	Jan. 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 31%; par if fund falls by up to 15%; exposure to losses beyond 15%
Initial price:	$41.48
Buffer level:	$35.26, 85% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	BMO Capital Markets Corp.
Fees:	2.5%
Cusip:	06366RKU8

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