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BMO plans buffered bullish enhanced return notes linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 28, 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 2.5 times any index gain, up to a maximum redemption amount of $1,147.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to the 5% buffer and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
The notes will price Jan. 26.
The Cusip number is 06367TQN3.
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