Bank of Montreal plans buffered bullish return notes on iShares EAFE

By Jennifer Chiou

New York, March 10 - Bank of Montreal plans to price 0% buffered bullish return notes due March 28, 2016 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 17% to 20% that will be set at pricing.

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

The notes (Cusip: 06366RTP0) are expected to price on March 20 and settle on March 25.

BMO Capital Markets Corp. is the agent.

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