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Published on 12/13/2017 in the Prospect News Structured Products Daily.

Bank of Montreal plans buffered bullish notes on basket of five stocks

By Marisa Wong

Morgantown, W.Va., Dec. 13 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Dec. 26, 2018 linked to an equally weighted basket of five equity securities, according to an FWP filing with the Securities and Exchange Commission.

The underlying stocks are Apple Inc., AbbVie Inc., CVS Health Corp., Hanesbrands, Inc. and Altria Group, Inc.

The payout at maturity will be par plus 150% of any basket gain, up to a maximum return of 18%.

Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.

BMO Capital Markets Corp. is the agent.

The notes will price Dec. 14.

The Cusip number is 06367TT75.


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