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BMO plans buffered bullish enhanced return notes linked to S&P 500
By Susanna Moon
Chicago, July 17 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Aug. 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 8.5%.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
The notes will price on July 26 and settle on July 31.
The Cusip number is 06367TZD5.
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