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Bank of Montreal plans buffered bullish notes on iShares MSCI EAFE
By Toni Weeks
San Diego, Oct. 3 - Bank of Montreal plans to price 0% buffered bullish return notes due Oct. 31, 2014 linked to the iShares MSCI EAFE 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 fund return, subject to a maximum return of 22%.
Investors will receive par if the fund falls by up to 15% and will be exposed to any decline beyond 15%.
The notes (Cusip: 06366RHY4) are expected to price Oct. 26 and settle Oct. 31.
BMO Capital Markets Corp. is the agent.
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