Bank of Montreal plans to price buffered bullish notes linked to gold

By Toni Weeks

San Diego, June 24 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due July 17, 2013 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the gold spot price, up to a maximum return of 19% to 21%. The exact cap will be set at pricing.

Investors will receive par if the price of gold falls by up to 5% and will be exposed to any decline beyond 5%.

BMO Capital Markets Corp. is the agent.

The notes will price July 12 and settle July 15.

The Cusip is 06366QQB6.

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