New Issue: Bank of Montreal sells $671,000 buffered bullish notes linked to Russell 2000

By Tali Rackner

Norfolk, Va., June 8 – Bank of Montreal priced $671,000 of 0% buffered bullish enhanced return notes due May 31, 2018 linked the to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum redemption amount of $1,140 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	Russell 2000
Amount:	$671,000
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.5 times any index gain, capped at 9.33%; par if index declines by up to 20%; exposure to any losses beyond 20%
Initial level:	1,139.754
Buffer level:	911.805, 80% of initial level
Pricing date:	May 26
Settlement date:	May 31
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367TFD7

© 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.