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Bank of Montreal plans bullish enhanced return notes on SPDR S&P Oil
By Susanna Moon
Chicago, April 23 – Bank of Montreal plans to price 0% bullish enhanced return notes due Nov. 7, 2016 linked to the SPDR S&P Oil & Gas Exploration & Production 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 37% to 41%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on April 30 and settle on May 5.
The Cusip number is 06366RK38.
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