BMO plans buffered bullish enhanced notes linked to iShares MSCI EAFE

By Susanna Moon

Chicago, April 11 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due July 31, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP 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 $1,215 to $1,235 for each $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

BMO Capital Markets Corp. is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip number is 06367TDQ0.

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