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Bank of Montreal plans contingent risk absolute return notes linked to iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, March 15 – Bank of Montreal plans to price 0% contingent risk absolute return notes due March 29, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par plus the gain.
If the fund falls but never closes below the barrier level, 64.5% to 68.5% of the initial level, on any day during the life of the notes, the payout will be par plus the absolute value of the return, up to a maximum return of 31.5% to 35.5%.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on March 28 and settle on March 31.
The Cusip number is 06367TBZ2.
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