Published on 5/11/2023 in the Prospect News Structured Products Daily.
New Issue: BMO sells $437,000 enhanced return notes linked to Russell 2000
By Kiku Steinfeld
Chicago, May 11 – Bank of Montreal priced $437,000 of 0% enhanced return notes due Feb. 12, 2024 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum return of par plus 31.6%.
Investors will lose 1% for each 1% that the index falls.
BMO Capital Markets Corp. is the selling agent.
| Issuer: | Bank of Montreal
|
| Issue: | Enhanced return notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $437,000
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| Maturity: | Feb. 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par 150% of any index gain, subject to a maximum return of par plus 31.6%; 1% loss for each 1% of index decline
|
| Initial index level: | 1,753.193
|
| Pricing date: | Jan. 5, 2023
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| Settlement date: | Jan. 10, 2023
|
| Selling agent: | BMO Capital Markets Corp.
|
| Fees: | 0.43%
|
| Cusip: | 06374VH90
|
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