Bank of Montreal plans bullish enhanced return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 3 - Bank of Montreal plans to price 0% bullish enhanced return notes due July 19, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 11% to 13% that will be set at pricing. Investors will be exposed to any index decline.

The notes (Cusip: 06366QNA1) are expected to price June 15 and settle June 20.

BMO Capital Markets Corp. is the agent.

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