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BMO to price buffered bullish enhanced return notes on S&P 500
By Sarah Lizee
Olympia, Wash., Jan. 3 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 10, 2020 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 150% of any index gain, up to a maximum return of 11.7%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
The notes will price on Jan. 4 and settle on Jan. 9.
The Cusip number is 06367WFX6.
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