BMO plans 13-month buffered bullish enhanced notes tied to S&P 500

By Susanna Moon

Chicago, Nov. 8 – Bank of Montreal plans to price 0% bullish enhanced return notes due Dec. 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 8.6%.

Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.

BMO Capital Markets Corp. is the agent.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 06367TP46.

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