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Bank of Montreal plans buffered bullish notes on iShares MSCI EAFE
By Susanna Moon
Chicago, Jan. 27 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 11, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 10% to 13%.
Investors will receive par if the shares fall by up to 20% and will lose 1% for each 1% decline beyond 20%.
BMO Capital Markets Corp. is the agent.
The notes will price on Feb. 6 and settle on Feb. 11.
The Cusip number is 06366RSW6.
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