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BMO plans buffered bullish enhanced return notes
By Angela McDaniels
Tacoma, Wash., Jan. 3 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due July 31, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the lesser-performing index’s return is positive, the payout at maturity will be par plus 150% of the lesser-performing index’s return, subject to a maximum return of 22.5%.
If the lesser-performing index’s return is between zero and negative 15%, inclusive, the payout will be par.
If the lesser-performing index’s return is less than negative 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes will price Jan. 28.
The Cusip number is 06367WGJ6.
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