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Bank of Montreal to price buffered bullish return notes on Euro Stoxx
By Jennifer Chiou
New York, March 17 – Bank of Montreal plans to price 0% buffered bullish return notes due March 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, subject to a maximum return of 50%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
The notes (Cusip: 06366RF59) will price on March 26 and settle on March 31.
BMO Capital Markets Corp. will be the agent.
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