Bank of Montreal plans buffered bullish notes on iShares Russell

By Toni Weeks

San Diego, June 8 - Bank of Montreal plans to price 0% buffered bullish digital return notes due June 30, 2014 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus the digital return of 23% to 27%. The exact digital 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: 06366RFE0) are expected to price June 26 and settle June 29.

BMO Capital Markets Corp. is the agent.

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