Bank of Montreal plans contingent risk absolute return notes linked to iShares MSCI EM

By Susanna Moon

Chicago, July 16 – Bank of Montreal plans to price 0% contingent risk absolute return notes due July 31, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus the fund gain.

If the fund falls but finishes at or above the barrier level, 77% to 81% of the initial level, the payout will be par plus the absolute value of the return, up to a maximum return of 19% to 23%.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on July 28 and settle on July 31.

The Cusip number is 06366RU29.

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