New Issue: Bank of Montreal sells $48,000 buffered bullish notes tied to SPDR Dow Jones REIT ETF

New York, April 29 – Bank of Montreal priced $48,000 of buffered bullish enhanced return notes due April 30, 2018 linked to the SPDR Dow Jones REIT exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 17%.

Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying ETF:	SPDR Dow Jones REIT
Amount:	$48,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at 17%; par if fund declines by up to 10%; exposure to any losses beyond 10%
Initial level:	$93.82
Pricing date:	April 26
Settlement date:	April 29
Agent:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06367TDA5

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