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Bank of Montreal plans buffered bullish enhanced return notes on S&P
By Jennifer Chiou
New York, Dec. 2 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Dec. 31, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at 12% to 14%.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
The notes (Cusip: 06366QQ42) will price on Dec. 22 and settle on Dec. 28.
BMO Capital Markets Corp. is the agent.
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