Bank of Montreal plans buffered bullish notes tied to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Aug. 18 – Bank of Montreal plans to price 0% buffered bullish return notes due Feb. 29, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus the ETF return, subject to a maximum payout of $1,200 to $1,225 per $1,000 principal amount of notes. Investors will receive par if the ETF declines by 7.5% or less and will lose 1% for every 1% that it declines beyond 7.5%.

The exact cap will be set at pricing.

BMO Capital Markets Corp. is the agent.

The notes are expected to price Aug. 27 and settle Aug. 29.

The Cusip number is 06366RVX0.

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