New Issue: BMO sells $80,000 buffer enhanced return notes linked to Russell, S&P, iShares EAFE

By Kiku Steinfeld

Chicago, Dec. 13 – Bank of Montreal priced $80,000 of 0% buffer enhanced return notes due Aug. 31, 2023 linked to the performance of the iShares MSCI EAFE ETF, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any gain of the least performing asset, subject to a maximum return of par plus 35%.

Investors will receive par if the worst performer falls by up to 10% and will lose 1% for every 1% decline of the worst performer beyond the 10% buffer.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underliers:	S&P 500 index, Russell 2000 index, iShares MSCI EAFE ETF
Amount:	$80,000
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any gain of least performing asset, capped at 35%; par if worst performer falls by up to 10%; otherwise, 1% loss per 1% decline of worst performer beyond 10%
Initial levels:	$79.79 for fund, 4,690.70 for S&P, 2,327.855 for Russell
Buffer levels:	$71.81 for fund, 4,221.63 for S&P, 2,095.070 for Russell; 90% of initial levels
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agent:	BMO Capital Markets Corp.
Fees:	2.2%
Cusip:	06368G3S4

© 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.