Bank of Montreal plans buffered digital notes on iShares Russell

By Marisa Wong

Madison, Wis., June 5 - Bank of Montreal plans to price 0% buffered bullish digital return notes due June 30, 2015 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains, the payout at maturity will be par plus a digital return that is expected to be 14%. The exact digital return will be set at pricing.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

The notes (Cusip: 06366RPK5) will price June 25 and settle June 28.

BMO Capital Markets Corp. is the agent.

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