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BMO plans buffered bullish enhanced return notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 12 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Sept. 19, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 250% of the index return, subject to a maximum return of 20%. If the index return is between zero and negative 5%, the payout will be par. If the index return is less than negative 5%, investors will lose 1% for every 1% that the index declines beyond 5%.
BMO Capital Markets Corp. is the agent.
The notes will price June 14.
The Cusip number is 06367TXQ8.
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