Bank of Montreal adds Cusip, issue date for buffered currency notes

By Susanna Moon

Chicago, June 16 - Bank of Montreal set the Cusip number and issue date for its 0% buffered currency-linked notes due June 2013 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone.

The payout at maturity will be par plus double any basket gain, up to a maximum payout of $1,200 to $1,240 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 8.25% and will be exposed to any decline in the basket beyond 8.25%.

BMO Capital Markets Corp. is the underwriter.

The notes will price on June 24 and settle on June 29.

The Cusip is 06366QPV3.

© 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.