New Issue: Bank of Montreal prices $100,000 buffered bullish digital return notes on index, fund

By Toni Weeks

San Diego, Aug. 31 - Bank of Montreal priced $100,000 of 0% buffered bullish digital return notes due Aug. 29, 2014 linked to a basket consisting of equal weights of the S&P 500 index and the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus the 11.5% digital return.

Investors will receive par if the basket falls by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying basket:	S&P 500 index and iShares Russell 2000 index fund, weighted equally
Amount:	$100,000
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.5% if basket return is positive; par for decline in basket of up to 20%, with 1% loss for every 1% decline beyond 20%
Initial levels:	1,410.49 for S&P 500, $81.60 for iShares Russell
Basket buffer level:	80% of initial basket level
Pricing date:	Aug. 29
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06366RGK5

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