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Bank of Montreal plans bullish enhanced return notes tied to S&P 500
By Marisa Wong
Madison, Wis., Oct. 2 – Bank of Montreal plans to price 0% bullish enhanced return notes due Oct. 31, 2018 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 121% of the index return. If the index return is negative, investors will have one-to-one exposure to the decline.
BMO Capital Markets Corp. is the agent.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 06366RWX9.
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