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BMO aims to price barrier enhanced return notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 19 – Bank of Montreal plans to price 0% barrier enhanced return notes due May 21, 2022 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 145% of any gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 20% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 20% barrier level.
BMO Capital Markets Corp. is the agent.
The notes will price on May 29.
The Cusip number is 06367WL27.
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