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Bank of Montreal plans buffered bullish notes tied to Russell 2000
By Marisa Wong
Madison, Wis., March 3 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due March 31, 2017 linked to the Russell 2000 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 21.5%.
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 March 26 and settle on March 31.
The Cusip number is 06366RTG0.
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