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Published on 1/2/2014 in the Prospect News Structured Products Daily.

Bank of Montreal to price barrier bullish notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Jan. 2 - Bank of Montreal plans to price 0% barrier bullish enhanced return notes due Jan. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event will occur if the index closes below its 60% barrier level on any day during the life of the notes.

If the index finishes above its initial level, the payout at maturity will be par plus 105% of the index return.

If the index finishes at or below its initial level but a barrier event never occurs, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 06366RST3) are expected to price Jan. 28 and settle Jan. 31.

BMO Capital Markets Corp. is the agent.


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