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Bank of Montreal to price buffered bullish notes linked to S&P 500
By Toni Weeks
San Diego, Oct. 3 - Bank of Montreal plans to price 0% buffered bullish return notes due April 30, 2014 linked to the S&P 500 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 the index return, subject to a maximum return of 12%.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
The notes (Cusip: 06366RHZ1) are expected to price Oct. 26 and settle Oct. 31.
BMO Capital Markets Corp. is the agent.
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