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Bank of Montreal to price buffered bullish notes tied to gold fund
By Toni Weeks
San Luis Obispo, Calif., June 5 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 30, 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 200% of any fund gain, up to a maximum return of 24%.
Investors will receive par if the shares fall by up to 20% and will lose 1% for each 1% decline beyond 20%.
The notes (Cusip: 06366RPJ8) will price June 25 and settle June 28.
BMO Capital Markets Corp. is the agent.
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