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BMO plans buffered bullish return notes linked to Energy Select SPDR
By Susanna Moon
Chicago, Dec. 19 – Bank of Montreal plans to price 0% buffered bullish return notes due June 29, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum redemption amount of $1,250 per $1,000 principal amount.
Investors will receive par if the fund 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 Dec. 28 and settle on Dec. 30.
The Cusip number is 06367TQH6.
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