Bank of Montreal plans buffered bullish notes tied to iShares Russell

By Toni Weeks

San Diego, Feb. 10 - Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Feb. 28, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the fund, up to a maximum return of 10% to 12%. The exact maximum return will be set at pricing.

Investors will receive par if the fund falls by up to 10% and will be exposed to any decline beyond 10%.

The notes (Cusip: 06366Q2T3) are expected to price Feb. 24 and settle Feb. 29.

BMO Capital Markets Corp. is the agent.

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