Bank of Montreal eyes buffered bullish enhanced notes on energy fund

By Wendy Van Sickle

Columbus, Ohio, April 27 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due May 31, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP 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 $1,270 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 May 26 and settle on May 31.

The Cusip number is 06367TEF3.

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