Published on 12/27/2016 in the Prospect News Structured Products Daily.
New Issue: BMO sells $208,000 of buffered bullish enhanced notes tied to Russell 2000
By Tali Rackner
Norfolk, Va., Dec. 27 – Bank of Montreal priced $208,000 of 0% buffered bullish enhanced return notes due Jan. 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 1.25 times any index gain, up to a maximum payout of $1,092.50 per $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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: | $208,000
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Maturity: | Jan. 31 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain, capped at $1,092.50; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 1,362.659
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Buffer level: | 1,226.393, or 90% of initial level
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Pricing date: | Dec. 22
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Settlement date: | Dec. 30
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.43%
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Cusip: | 06367TPL8
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