Bank of Montreal plans buffered bullish enhanced notes on iShares EAFE

By Marisa Wong

Madison, Wis., Oct. 2 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Oct. 31, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 132.5% of the return. If the fund return is at least negative 15%, the payout will be par. If the fund return is less than negative 15%, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.

BMO Capital Markets Corp. is the agent.

The notes will price on Oct. 28 and settle on Oct. 31.

The Cusip number is 06366RXD2.

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