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Published on 7/5/2012 in the Prospect News Structured Products Daily.

Bank of Montreal plans buffered bullish enhanced notes on ETF basket

By Toni Weeks

San Diego, July 5 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due July 20, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the iShares MSCI EAFE Growth index fund and the iShares MSCI EAFE Value index fund, equally weighted.

The payout at maturity will be par plus 110% of any gain in the basket, up to a maximum return of 47% to 53%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 20% and will be exposed to any decline beyond the 20% buffer.

The notes (Cusip: 06366RFZ9) will price July 17 and settle July 20.

BMO Capital Markets Corp. will be the agent.


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