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Bank of Montreal plans bullish enhanced notes tied to iShares Russell
By Marisa Wong
Madison, Wis., Feb. 1 - Bank of Montreal plans to price 0% bullish enhanced return notes due Feb. 29, 2016 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 300% of any gain in the fund, up to a maximum payout of $1,427.50 for each $1,000 principal amount.
Investors will be fully exposed to any losses.
The notes (Cusip: 06366RLR4) will price on Feb. 25 and settle on Feb. 28.
BMO Capital Markets Corp. is the agent.
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