Bank of Montreal plans bullish enhanced return notes linked to stocks

By Toni Weeks

San Luis Obispo, Calif., April 10 – Bank of Montreal plans to price 0% bullish enhanced return notes due April 21, 2017 linked to a basket of five equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are American Airlines Group Inc., Alaska Air Group, Inc., Delta Air Lines, Inc., JetBlue Airways Corp. and United Continental Holdings, Inc.

The payout at maturity will be par plus 300% of any gain in the basket, subject to a maximum return of 40%.

Investors will be exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06366RJ22) will price April 16 and settle April 23.

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