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Bank of Montreal plans bullish enhanced return notes tied to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., June 26 – Bank of Montreal plans to price 0% bullish enhanced return notes due Oct. 6, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout that is expected to be $1,198 to $1,228 per $1,000 principal amount of notes and will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
BMO Capital Markets Corp. is the agent.
The notes are expected to price July 2 and settle July 8.
The Cusip number is 06366RR72.
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