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Bank of Montreal plans buffered bullish enhanced return notes linked to iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, March 15 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 30, 2017 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 200% of any fund gain, up to a maximum redemption amount of $1,155 to $1,175 for each $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will receive par if the fund falls by up to 5% and will have 1-to-1 exposure to losses beyond 5%.
BMO Capital Markets Corp. is the agent.
The notes will price on March 28 and settle on March 31.
The Cusip number is 06367TCC2.
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