Bank of Montreal plans bullish enhanced return notes on gold trust

By Toni Weeks

San Diego, June 2 - Bank of Montreal plans to price 0% bullish enhanced return notes due July 19, 2012 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 14% to 16%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on June 15 and settle on June 20.

The Cusip is 06366QNE3.

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