Published on 1/2/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $505,000 buffered bullish enhanced notes tied to Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – Bank of Montreal priced $505,000 of 0% bullish enhanced return notes due Jan. 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 double any index gain, up to a maximum redemption amount of $1,123 per $1,000 principal amount.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond the buffer.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Bullish enhanced return notes
|
Underlying index: | Russell 2000
|
Amount: | $505,000
|
Maturity: | Jan. 31, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 12.3%; par if the index falls by up to 5%; exposure to any losses beyond 5%
|
Initial level: | 1,544.227
|
Pricing date: | Dec. 26
|
Settlement date: | Dec. 29
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 0.43%
|
Cusip: | 06367TS35
|
|
© 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.