Bank of Montreal plans to sell buffered bullish notes tied to Russell

By Devika Patel

Knoxville, Tenn., Nov. 15 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Nov. 30, 2018 linked to the Russell 2000 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 14%.

Investors will receive par if the index falls by up to the buffer level and will lose 1% for each 1% decline beyond the buffer. The buffer is expected to be 77% to 80% of the initial level and will be set at pricing.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06367TNS5) will price on Nov. 22 and settle on Nov. 30.

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