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BMO plans five-year buffered bullish enhanced notes linked to S&P 500
By Susanna Moon
Chicago, July 6 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due July 30, 2021 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 150% of any index gain, up to a maximum return of $1,277.50 for each $1,000 principal amount.
Investors will be receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
BMO Capital Markets Corp. is the agent.
The notes will price on July 26 and settle on July 29.
The Cusip is 06367TGV6.
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