New Issue: BMO prices $1.18 million barrier enhanced return notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 9 – Bank of Montreal price $1.18 million of 0% barrier enhanced return notes due June 30, 2022 linked to the lesser performing of the S&P 500 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 135% of any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 20% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 80% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,184,000
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 135% of any gain of lesser-performing index; par if lesser-performing index falls by up to 20%; full exposure to loss if lesser-performing falls by more than 20%
Initial index levels:	3,053.24 for S&P and 1,421.207 for Russell
Barrier levels:	2,442.59 for S&P and 1,136.966 for Russell, 80% of initial levels
Pricing date:	June 29
Settlement date:	July 2
Underwriter:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06367WS38

© 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.