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Bank of Montreal plans enhanced return notes linked to energy ETF
By Angela McDaniels
Tacoma, Wash., Nov. 12 – Bank of Montreal plans to price 0% bullish enhanced return notes due Nov. 30, 2017 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 115% of the ETF return. If the ETF declines, investors will be fully exposed to the loss.
BMO Capital Markets Corp. is the agent.
The notes are expected to price Nov. 24.
The Cusip number is 06366R4M4.
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