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Bank of Montreal plans to sell buffered bullish notes on Russell 2000
By Devika Patel
Knoxville, Tenn., June 23 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due June 28, 2019 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 double any index gain, up to a maximum payout of $1,204 to $1,244 per $1,000 of notes. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes (Cusip: 06367TYH7) will price on June 27 and settle on June 30.
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