Bank of Montreal plans buffered bullish enhanced notes on SPDR S&P Oil

By Wendy Van Sickle

Columbus, Ohio, Oct. 8 – Bank of Montreal plans to price buffered bullish enhanced return notes due Oct. 31, 2017 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any fund gain, up to a maximum return of $1,360 per $1,000 of notes.

Investors will receive par if the fund falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

BMO Capital Markets Corp. is the agent.

The notes will price on Oct. 27 and settle on Oct. 30.

The Cusip number is 06366R3H6.

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