Published on 11/15/2018 in the Prospect News Structured Products Daily.
New Issue: BMO price $4.3 million bullish digital barrier notes on S&P, Russell
By Susanna Moon
Chicago, Nov. 15 – Bank of Montreal priced $4.3 million of 0% bullish digital return notes with barrier due Dec. 5, 2019 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index never closes below its 65% barrier level during the life of the notes, the payout at maturity will be par plus a digital return of 8%.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Barrier bullish digital return notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $4,297,000
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Maturity: | Dec. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index never closes below 65% barrier, par plus 8%; otherwise, 1% loss per 1% decline
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Initial levels: | 2,711.74 for S&P, 1,511.413 for Russell
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Barrier levels: | 1,762.63 for S&P, 982.418 for Russell, 65% of initial levels
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.43%
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Cusip: | 06367WDY6
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