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BMO plans buffered bullish enhanced return notes on iShares MSCI EM
By Marisa Wong
Morgantown, W.Va., Jan. 23 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Jan. 31, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 15%.
Investors will receive par if the fund falls by up to 22% to 26% and will lose 1% for each 1% decline beyond the 22% to 26% buffer, which will be set at pricing.
BMO Capital Markets Corp. is the agent.
The notes will price on Jan. 26.
The Cusip number is 06367TY20.
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