Published on 4/8/2024 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.91 million digital return barrier notes tied to indexes
By Wendy Van Sickle
Columbus, Ohio, April 8 – UBS AG, London Branch priced $1.91 million of 0% digital return barrier notes due May 8, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus the digital return of 8.7%.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Digital return barrier notes
|
Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
|
Amount: | $1,911,000
|
Maturity: | May 8, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains or falls by up to 30%, par plus 8.7%; otherwise, 1% loss for each 1% decline of worst performing index
|
Initial index levels: | 5,211.49 for S&P, 2,076.203 for Russell, 39,127.14 for Dow
|
Downside thresholds: | 3,648.04 for S&P, 1,453.342 for Russell, 27,389.0 for Dow; 70% of initial levels
|
Pricing date: | April 3
|
Settlement date: | April 8
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 0.375%
|
Cusip: | 06376A7F1
|
|
© 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.