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BMO plans buffered bullish enhanced return notes linked to Euro Stoxx
By Devika Patel
Knoxville, Tenn., Aug. 2 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 28, 2018 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 $1,145 for each $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes (Cusip: 06367TJC5) are expected to price on Aug. 26 and settle on Aug. 31.
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