Bank of Montreal plans buffered bullish digital return notes on iShares DJ real estate fund

By Jennifer Chiou

New York, Oct. 2 - Bank of Montreal plans to price 0% buffered bullish digital return notes due Oct. 31, 2014 linked to the iShares Dow Jones U.S. real estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains, the payout at maturity will be par plus a digital return of 12% to 16%. The exact percentage will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

The notes (Cusip: 06366RHW8) are expected to price on Oct. 26 and settle on Oct. 31.

BMO Capital Markets Corp. is the agent.

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