Bank of Montreal plans buffered bullish notes on Nymex RBOB gasoline

By Jennifer Chiou

New York, March 6 - Bank of Montreal plans to price 0% buffered bullish notes due Sept. 26, 2012 linked to Nymex RBOB gasoline, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.4 to 1.7 times any gain in the price, up to a maximum return of $1,095 and $1,120 for each $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will receive par if the shares fall by up to 5% and will be exposed to any decline beyond 5%.

The notes (Cusip: 06366Q4Q7) will price on March 21 and settle on March 26.

BMO Capital Markets Corp. is the agent.

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