BMO plans buffered enhanced return notes linked to Vanguard REIT ETF

By Angela McDaniels

Tacoma, Wash., Nov. 13 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Dec. 17, 2018 linked to the Vanguard REIT exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any ETF gain, up to a maximum redemption amount of $1,132 per $1,000 principal amount. Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for every 1% that it may decline beyond 10%.

BMO Capital Markets Corp. is the agent.

The notes will price Nov. 14.

The Cusip number is 06367TQ45.

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