BMO to price buffered bullish enhanced return notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., May 12 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Aug. 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum redemption amount that is expected to fall between $1,130 and $1,150 per $1,000 of notes and will be set at pricing.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% loss beyond 5%.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06367TEY2) will price on May 26 and settle on May 31.

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