Published on 2/6/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $225,000 6.5-year notes with cap, par floor on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Feb. 6 – Bank of Montreal priced $225,000 of 0% notes due July 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum payment of $2,000 per $1,000 principal amount. If the index falls, the payout will be par.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $225,000
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, capped at 100%; if index falls, par
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Initial level: | 3,647.41
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 3.85%
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Cusip: | 06367TV23
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