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BMO to price buffered bullish enhanced return notes on iShares MSCI EM
By Marisa Wong
Morgantown, W.Va., Dec. 11 – Bank of Montreal plans to price 0% buffered bullish enhanced return notes due Jan. 15, 2019 linked to the iShares MSCI Emerging Markets 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 ETF gain, up to a maximum return of 18.75%.
Investors will receive par if the ETF falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
The notes will price on Dec. 12.
The Cusip number is 06367TT83.
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