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BMO plans buffered bullish enhanced return notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 20 – Bank of Montreal plans to 0% buffered bullish enhanced return notes due Jan. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 13.5% to 15.5% with the exact maximum to be set at pricing.
Investors will receive par if the index falls by up to 5% and will be fully exposed to losses beyond 5%.
BMO Capital Markets Corp. is the agent.
The notes are expected to price on Oct. 27 and settle on Oct. 30.
The Cusip number is 06366R3M5.
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