Published on 6/20/2014 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $350,000 bullish enhanced return notes tied to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., June 20 – Bank of Montreal priced $350,000 of 0% bullish enhanced return notes due Jan. 15, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, subject to a maximum return of 26%. Investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Bullish enhanced return notes
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Underlying index: | Russell 2000
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Amount: | $350,000
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Maturity: | Jan. 15, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, subject to maximum return of 26%; full exposure to any losses
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Initial level: | 1,183.13
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Pricing date: | June 18
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Settlement date: | June 23
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Agent: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06366RUT0
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