Bank of Montreal plans buffered bullish digital notes on Russell fund

By Susanna Moon

Chicago, July 1 - Bank of Montreal plans to price 0% buffered bullish digital return notes due July 19, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains, the payout at maturity will be par plus a digital return of 17% to 19%, with the exact percentage to be set at pricing.

Investors will receive par if the shares fall by up to 10% and will be exposed to any decline beyond 10%.

BMO Capital Markets Corp. is the agent.

The notes will price on July 14 and settle on July 19.

The Cusip is 06366QQH3.

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