Published on 8/1/2017 in the Prospect News Structured Products Daily.
New Issue: BMO sells $455,000 buffered bullish enhanced notes on Russell 2000
By Tali Rackner
Minneapolis, Aug. 1 – Bank of Montreal priced $455,000 of 0% buffered bullish enhanced return notes due July 31, 2019 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 2 times any index gain, up to a maximum redemption amount of $1,180 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
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: | $455,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain, capped at 18%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 1,442.279
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06367TZM5
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