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Bank of Montreal plans buffered bullish return notes linked to S&P 500
By Susanna Moon
Chicago, July 1 – Bank of Montreal plans to price 0% buffered bullish return notes due July 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 36%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes will price on July 28 and settle on July 31.
The Cusip number is 06366RS30.
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