Bank of Montreal plans buffered bullish notes linked to Gold Miners

By Susanna Moon

Chicago, May 2 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due May 29, 2015 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 27%.

Investors will receive par if the fund falls by up to 15% and will be exposed to any decline beyond 15%.

BMO Capital Markets Corp. is the agent.

The notes are expected to price on May 23 and settle on May 31.

The Cusip number is 06366RNV3.

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