Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $18,000 bullish enhanced return notes linked to S&P 500
By Tali Rackner
Norfolk, Va., Jan. 28 – Bank of Montreal priced $18,000 of 0% bullish enhanced return notes due Jan. 31, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 21%.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Bullish enhanced return notes
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Underlying index: | S&P 500
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Amount: | $18,000
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Maturity: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 150% of any index gain, subject to 21% maximum return; full exposure to any index decline
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Initial index level: | 1,903.63
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.8%
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Cusip: | 06366R6J9
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