Bank of Montreal plans buffered bullish enhanced notes on iShares EAFE

By Marisa Wong

Madison, Wis., June 12 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Sept. 30, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any fund gain, subject to a maximum return of 16%.

Investors will receive par if the fund falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

BMO Capital Markets Corp. is the agent.

The notes will price on June 25 and settle on June 30.

The Cusip number is 06366RR49.

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