By Tali Rackner
Norfolk, Va., June 2 – Bank of Montreal priced $213,000 of 0% buffered bullish enhanced return notes due Nov. 30, 2018 linked to a basket containing three indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 30% weight, the Russell 2000 index with a 20% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.
The payout at maturity will be par plus 150% of any basket gain, subject to a maximum return of $1,146.25 per $1,000 of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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 basket: | S&P 500 index (40%), the Euro Stoxx 50 index (30%), the Russell 2000 index (20%) and the iShares MSCI Emerging Markets ETF (10%)
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| Amount: | $213,000
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| Maturity: | Nov. 30, 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 basket gain, capped at 9.75%; par if basket falls by up to 10%; exposure to losses beyond 10%
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| Pricing date: | May 26
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| Settlement date: | May 31
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 2.75%
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| Cusip: | 06367TEP1
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