Published on 4/29/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $81,000 upside booster notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 29 – Bank of Montreal priced $81,000 of 0% upside booster notes with barrier due April 30, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 24%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 24%, inclusive, the payout will be par plus 24%.
If the index return is less than negative 10%, investors will have one-to-one exposure to the index's decline from its initial level.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Upside booster notes with barrier
|
Underlying index: | Euro Stoxx 50
|
Amount: | $81,000
|
Maturity: | April 30, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than 24%, par plus index return; if index return is between negative 10% and positive 24%, inclusive, par plus 24%; if index return is less than negative 10%, one-to-one exposure to index's decline from initial level
|
Initial level: | 3,771.45
|
Barrier level: | 3,394.30, 90% of initial level
|
Pricing date: | April 27
|
Settlement date: | April 30
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 1.2%
|
Cusip: | 06366RH65
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.