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Bank of Montreal plans buffered bullish notes tied to MSCI EAFE fund
By Devika Patel
Knoxville, Tenn., June 13 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 29, 2018 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 150% of any fund gain, up to a maximum return of $1,140 per $1,000 of notes.
Investors will receive par if the fund falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
BMO Capital Markets Corp. is the agent.
The notes (Cusip: 06367TGG9) are expected to price on June 27 and settle on June 30.
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