Bank of Montreal plans buffered bullish notes on SPDR S&P Oil & Gas

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – Bank of Montreal plans to price buffered bullish enhanced return notes due Dec. 29, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a cap of $1,375 for each $1,000 principal amount.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

BMO Capital Markets Corp. is the agent.

The notes will price on Dec. 28 and settle on Dec. 31.

The Cusip number is 06366R5G6.

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