Published on 8/21/2019 in the Prospect News Structured Products Daily.
New Issue: BMO sells $714,000 bullish enhanced return notes on S&P
By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Bank of Montreal priced $714,000 of 0% bullish enhanced return notes due Sept. 21, 2020 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 300% of any index gain up to a maximum redemption amount of par plus 12%.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Bullish enhanced return notes
|
| Underlying index: | S&P 500
|
| Amount : | $714,000
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| Maturity: | Sept. 21, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 12%; exposure to any losses
|
| Initial level: | 2,888.68
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 1.93%
|
| Cusip: | 06367WPG2
|
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