BMO plans buffered bullish enhanced return notes linked to EAFE fund

By Marisa Wong

Morgantown, W.Va., Dec. 16 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Dec. 24, 2018, 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 1.5 times any ETF gain, up to a maximum redemption amount of $1,140 per $1,000 principal amount.

Investors will receive par if the ETF falls by up to 21.75% to 24.75% and will lose 1% for each 1% decline beyond the buffer, which will be set at pricing.

BMO Capital Markets Corp. is the agent.

The notes will price on Dec. 20.

The Cusip number is 06367TQE3.

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