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BMO plans buffered bullish return notes tied to S&P, Russell
By Susanna Moon
Chicago, Sept. 12 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due March 31, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level, the payout at maturity will be par plus 150% of the gain of the worse performing index, up to a maximum return of 20.5%.
Investors will receive par if either index falls by up to 10% and will be exposed to any losses of the worse performing index beyond the buffer.
BMO Capital Markets Corp. is the agent.
The notes will price on Sept. 25.
The Cusip number is 06367WBX0.
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