New Issue: BMO prices $162,000 buffered bullish enhanced return notes tied to Russell 2000

By Tali Rackner

Norfolk, Va., Sept. 1 – Bank of Montreal priced $162,000 of 0% buffered bullish enhanced return notes due Aug. 31, 2018, 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 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 19% and will lose 1% for each 1% decline beyond 19%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	Russell 2000
Amount:	$162,000
Maturity:	Aug. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, with return capped at 9.33%; par if index falls by up to 19%; otherwise, 1% loss for every 1% that index declines beyond 19%
Initial level:	1,238.031
Buffer level:	1,002.805, 81% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367TJT8

© 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.