Bank of Montreal plans buffered bullish enhanced return notes linked to iShares MSCI EM

By Wendy Van Sickle

Columbus, Ohio, March 15 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 30, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any fund gain, up to a maximum redemption amount of $1,195 to $1,215 for each $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 5% and will have 1-to-1 exposure to losses beyond 5%.

BMO Capital Markets Corp. is the agent.

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

The Cusip number is 06367TCD0.

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