Bank of Montreal plans buffered bullish enhanced return notes linked to SPDR Dow Jones REIT

By Susanna Moon

Chicago, March 7 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due March 29, 2018 linked to the SPDR Dow Jones REIT exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a maximum redemption amount of $1,195 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 March 28 and settle on March 31.

The Cusip is 06367TBK5.

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