Published on 12/28/2019 in the Prospect News Structured Products Daily.
New Issue: BMO prices $665,000 barrier bullish enhanced return notes on indexes
By Kiku Steinfeld
Chicago, Dec. 28 – Bank of Montreal priced $665,000 of 0% barrier bullish enhanced return notes due Dec. 16, 2022 linked to the lesser performing of the Nasdaq-100 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120.1% of any gain of the lesser performing index.
Investors will receive par if the lesser performing index finishes flat or falls by up to 40% and will lose 1% for each 1% that the level of the lesser performing index decreases from its initial level.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Barrier bullish return notes
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Underlying indexes: | Nasdaq-100, Russell 2000, Euro Stoxx 50
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Amount: | $665,000
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Maturity: | Dec. 16, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120.1% of any gain of the lesser performing index; par if the lesser performing index finishes flat or falls by up to 40%; 1% loss for each 1% that lesser performing index decreases
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Initial levels: | 8,402.609 for Nasdaq, 1,631.926 for Russell, 3,687.45 for Stoxx
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Barrier levels: | 5,041.565 for Nasdaq, 979.156 for Russell, 2,212.47 for Stoxx, 60% of initial levels
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Pricing date: | Dec. 11
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Settlement date: | Dec. 16
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.6%
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Cusip: | 06367WTH6
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