Bank of Montreal to price buffered bullish return notes on S&P 500

By Marisa Wong

Madison, Wis., Dec. 4 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 18, 2015 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 of $1,000 plus any gain in the index, subject to a maximum redemption amount of $1,205 to $1,235 that will be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.

The notes (Cusip: 06366RKG9) will price Dec. 13 and settle Dec. 18.

BMO Capital Markets Corp. will be the agent.

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