BMO plans bullish enhanced notes with lookback feature tied to S&P 500

By Susanna Moon

Chicago, Dec. 3 - Bank of Montreal plans to price 0% bullish enhanced return notes with lookback feature due Dec. 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial index level will be the lowest official closing level of the index during the observation period, which will be the period from and including the pricing date to and including the day that is one month following pricing.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 29%.

Investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on Dec. 20 and settle on Dec. 30.

The Cusip number is 06366RSJ5.

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