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Bank of Montreal plans buffered bullish enhanced notes on Russell 2000
By Marisa Wong
Madison, Wis., June 4 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 30, 2017 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 1.5 times any index gain, up to a maximum return of 15.5%.
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 June 25 and settle on June 30.
The Cusip number is 06366RN84.
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