| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Bank of Montreal to price autocallable barrier notes tied to Russell
By Toni Weeks
San Luis Obispo, Calif., Oct. 31 - Bank of Montreal plans to price 0% autocallable barrier notes with step-up call price due Nov. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
On any annual call date, if the closing index level is greater than the initial level, the notes will be called at par plus a call return. The call return will be 9% on Nov. 24, 2014 and 18% on Nov. 24, 2015.
If the notes are not called, the payout at maturity will be par if the index falls by up to 15%. Investors will be fully exposed to the decline in the index if it falls by more than 15%.
The notes (Cusip: 06366RRV9) are expected to price Nov. 25 and settle Nov. 29.
BMO Capital Markets Corp. is the agent.
© 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.