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BMO plans buffered bullish enhanced return notes on real estate ETF
By Marisa Wong
Morgantown, W.Va., Feb. 21 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 28, 2019 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum payout of $1,150 per $1,000 of notes.
Investors will receive par if the fund falls by up to 23% and will lose 1% for every 1% decline beyond 23%.
BMO Capital Markets Corp. is the agent.
The notes will price on Feb. 23.
The Cusip number is 06367TTD2.
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