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Bank of Montreal plans buffered bullish notes tied to MSCI EAFE fund
By Devika Patel
Knoxville, Tenn., May 12 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due May 31, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of $1,140 per $1,000 of notes.
Investors will receive par if the fund falls by up to 22% and will lose 1% for each 1% decline beyond 22%.
BMO Capital Markets Corp. is the agent.
The notes (Cusip: 06367TFB1) are expected to price on May 26 and settle on May 31.
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