Published on 6/9/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $401,000 bullish enhanced notes on Russell 2000
By Susanna Moon
Chicago, June 9 – Bank of Montreal priced $401,000 of 0% bullish enhanced return notes due Sept. 9, 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 300% of any index gain, up to a maximum return of 19.2%.
Investors will be 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: | $401,000
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| Maturity: | Sept. 9, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 19.2%; exposure to any losses
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| Initial level: | 1,261.007
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| Pricing date: | June 5
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| Settlement date: | June 10
|
| Agent: | BMO Capital Markets Corp.
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| Fees: | 0.5%
|
| Cusip: | 06366RP33
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