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Bank of Montreal plans to price buffered bullish enhanced notes linked to SPDR Dow Jones REIT ETF
By Wendy Van Sickle
Columbus, Ohio, April 5 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due April 30, 2018 linked to the SPDR Dow Jones REIT exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum redemption amount of $1,121 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes will price April 26 and settle April 29.
The Cusip is 06367TCY4.
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