BMO plans buffered bullish enhanced notes on iShares MSCI EAFE ETF

By Wendy Van Sickle

Columbus, Ohio, Feb. 16 – Bank of Montreal plans to price buffered bullish enhanced return notes due May 31, 2017 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 double any fund gain, up to a maximum return of 21% to 23%. The exact maximum will be set at pricing.

Investors will receive par if the fund falls by up to 5% and will be exposed to losses beyond 5%.

BMO Capital Markets Corp. is the agent.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 06367TAU4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.