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Bank of Montreal plans buffered bullish notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 8 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due April 30, 2019 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 double any index gain, up to a maximum return of 100%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 06366RTW5.
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