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Bank of Montreal plans bullish enhanced return notes tied to S&P 500
By Susanna Moon
Chicago, May 11 – Bank of Montreal plans to price 0% bullish enhanced return notes due May 31, 2018 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 150% of any index gain, up to a maximum return of 30.75%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on May 26 and settle on May 31.
The Cusip number is 06367TEC0.
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