Bank of Montreal plans buffered bullish notes on iShares MSCI EAFE

By Marisa Wong

Madison, Wis., Nov. 8 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Nov. 27, 2015 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, up to a maximum return of 11.75% to 14.75%.

Investors will receive par if the shares fall by up to 20% and will lose 1% for each 1% decline beyond 20%.

BMO Capital Markets Corp. is the agent.

The notes are expected to price Nov. 22 and settle Nov. 27.

The Cusip number is 06366RRZ0.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.