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Bank of Montreal plans one-year buffered bullish notes tied to Russell
By Susanna Moon
Chicago, April 24 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due May 31, 2018 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 250% of any index gain, up to a maximum payout of $1,132.50 per $1,000 of notes.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
BMO Capital Markets Corp. is the agent.
The notes will price on April 26 and settle on April 28.
The Cusip number is 06367TVD9.
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