BMO to price buffered bullish enhanced notes on indexes, fund basket

By Tali Rackner

Norfolk, Va., July 4 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Jan. 31, 2019 linked to an equally weighted basket of indexes and a fund, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index, the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund.

The payout at maturity will be par plus 150% of any basket gain, up to a maximum redemption amount of $1,225 for each $1,000 principal amount.

Investors will be receive par if the basket falls by up to 10% and will be exposed to any losses beyond 20%.

BMO Capital Markets Corp. is the agent.

The notes will price on July 26 settle on July 29.

The Cusip number is 06367TGU8.

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