Published on 4/6/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $1.36 million buffered bullish enhanced notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., April 6 – Bank of Montreal priced $1.36 million of 0% buffered bullish enhanced return notes due June 28, 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 2.5 times any index gain, up to a maximum redemption amount of $1,145 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
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Issue: | Buffered bullish enhanced return notes
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Underlying index: | Russell 2000
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Amount: | $1,361,000
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Maturity: | June 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.5 times any index gain, capped at 14.5%; par if the index falls by up to 5%; exposure to any losses beyond 5%
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Initial level: | 1,543.717
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.5%
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Cusip: | 06367T4F4
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