Bank of Montreal plans buffered bullish enhanced notes on Russell 2000

By Marisa Wong

Madison, Wis., Oct. 2 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Oct. 31, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payment of $1,220 per $1,000 principal amount. If the index return is at least negative 10%, the payout will be par. If the index return is less than negative 10%, investors will lose 1.1111% for every 1% decline beyond the 10% buffer.

BMO Capital Markets Corp. is the agent.

The notes will price on Oct. 28 and settle on Oct. 31.

The Cusip number is 06366RXE0.

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