Published on 11/1/2021 in the Prospect News Structured Products Daily.
New Issue: BMO sells $410,000 buffer enhanced return notes on Nasdaq, Russell
Chicago, Nov. 1 – Bank of Montreal priced $410,000 of 0% buffer enhanced return notes due June 30, 2022 linked to the lesser performing of the Nasdaq-100 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 any gain of the lesser performing index, capped at a return of par plus 12%.
Investors will receive par if the lesser performing index falls by up to 15% and will lose 1% for each 1% that the level of the lesser performing index decreases by more than 15%.
BMO Capital Markets Corp. is the selling agent.
Issuer: | Bank of Montreal
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Issue: | Buffer enhanced return notes
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Underlying indexes: | Nasdaq-100, Russell 2000
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Amount: | $410,000
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Maturity: | June 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain of the lesser performing index, capped at par plus 12%; par if the lesser performing index falls by up to 15%; 1% loss for each 1% that the level of the lesser performing index decreases by more than 15%
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Initial index levels: | 12,979.12 for Nasdaq and 2,221.482 for Russell
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Buffer levels: | 11,032.25 for Nasdaq and 1,888.260 for Russell, 85% of initial levels
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Pricing date: | March 26
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Settlement date: | March 31
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Selling agent: | BMO Capital Markets Corp.
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Fees: | 2%
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Cusip: | 06368EGD8
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