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BMO plans buffered bullish enhanced return notes tied to Russell 2000
New York, July 14 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due July 31, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 15%.
If the index suffers a loss of between zero and the buffer percentage, the payout will be par. If the index loses more than the buffer percentage, investors will lose 1% for every 1% that the index declines beyond the buffer.
The buffer percentage will be between 17.75% and 20.75% and will be set at pricing.
BMO Capital Markets Corp. is the agent.
The notes will price on July 26 and settle on July 31.
The Cusip number is 06367TZL7.
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