New Issue: Bank of Montreal sells $1.03 million buffered bullish notes tied to iShares MSCI EAFE

By Toni Weeks

San Diego, Sept. 22 - Bank of Montreal priced $1.03 million of 0% buffered bullish enhanced return notes due Oct. 23, 2012 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the fund, up to a maximum return of 22%.

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

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$1.03 million
Maturity:	Oct. 23, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, with maximum payment of $1,220 per $1,000 of notes; par if fund drops by up to 10%; exposure to losses beyond 10%
Initial price:	$49.70
Buffer level:	$44.73, 90% of initial price
Pricing date:	Sept. 20
Settlement date:	Sept. 23
Agent:	BMO Capital Markets Corp.
Fees:	1.2%
Cusip:	06366QXP7

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