Bank of Montreal plans buffered bullish notes on iShares China ETF

By Marisa Wong

Madison, Wis., Dec. 3 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Dec. 30, 2015 linked to the iShares China Large-Cap exchange-traded 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 double the gain, up to a maximum return of 21%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

The notes (Cusip: 06366RSK2) will price Dec. 20 and settle Dec. 30.

BMO Capital Markets Corp. is the agent.

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