Bank of Montreal plans buffered bullish notes on iShares China ETF

By Marisa Wong

Madison, Wis., March 3 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due March 31, 2017 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 31%.

Investors will receive par if the shares fall by up to 15% and will lose 1% for each 1% decline beyond 15%.

BMO Capital Markets Corp. is the agent.

The notes will price on March 26 and settle on March 31.

The Cusip number is 06366RTF2.

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