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BMO plans buffered bullish enhanced return notes linked to Russell
By Wendy Van Sickle
Columbus, Ohio, Aug. 12 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Aug. 31, 2018, linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum redemption amount of $1,140 per $1,000 principal amount.
Investors will receive par if the index falls by up to 19% and will lose 1% for each 1% decline beyond 19%.
BMO Capital Markets Corp. is the agent.
The notes will price on Aug. 26.
The Cusip number is 06367TJT8.
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