Published on 4/9/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $771,000 buffered bullish digital return notes on Russell
By Marisa Wong
Morgantown, W.Va., April 9 – Bank of Montreal priced $771,000 of 0% buffered bullish digital return notes due Sept. 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be par plus 19%. Otherwise, investors will lose 1% for every 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish digital return notes
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Underlying index: | Russell 2000 index
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Amount: | $771,000
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Maturity: | Sept. 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is at least negative 15%, par plus 19%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial value: | 1,543.717
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Buffer level: | 1,312.159, 85% of initial value
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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: | 2.75%
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Cusip: | 06367T3B4
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