Published on 11/4/2016 in the Prospect News Structured Products Daily.
New Issue: BMO prices $186,000 buffered bullish enhanced return notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Nov. 4 – Bank of Montreal priced $186,000 of 0% buffered bullish enhanced return notes due Nov. 30, 2017 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 150% of any index gain, up to a maximum redemption amount of $1,147 for each $1,000 principal amount of notes. Investors will receive par if the index falls by up to 5% and lose 1% for every 1% that it may decline beyond 5%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish enhanced return notes
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Underlying index: | Russell 2000
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Amount: | $186,000
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Maturity: | Nov. 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, with return capped at 14.7%; par if index falls by up to 5%; otherwise, 1% loss for every 1% that index declines beyond 5%
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Initial index level: | 1,204.749
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.43%
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Cusip: | 06367TLZ1
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