Bank of Montreal plans digital return notes linked to iShares Russell

By Angela McDaniels

Tacoma, Wash., June 15 - Bank of Montreal plans to price 0% buffered bullish digital return notes due June 28, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus the digital return. Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The digital return is expected to be 16.75% to 18.75% and will be set at pricing.

The notes (Cusip: 06366QNU7) are expected to price June 27 and settle June 30.

BMO Capital Markets Corp. is the agent.

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