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Bank of Montreal plans buffered bullish enhanced notes on Russell 2000
By Susanna Moon
Chicago, Nov. 4 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Nov. 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 22%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes will price on Nov. 24 and settle on Nov. 28.
The Cusip number is 06366RXZ3.
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