Bank of Montreal to price bullish enhanced return notes linked to iShares MSCI Brazil fund

By Jennifer Chiou

New York, May 16 - Bank of Montreal plans to price 0% bullish enhanced return notes due June 29, 2012 linked to the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the fund's share price, subject to a maximum return of 23.5% to 25.5%. Investors will share in any losses.

The notes (Cusip: 06366QKT3) will price on May 26 and settle on May 31.

BMO Capital Markets Corp. is the agent.

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