Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Raymond James CEFR Domestic Equity Price Return index > News item |
BMO plans notes due 2021 on Raymond James CEFR Domestic Equity index
By Sarah Lizee
Olympia, Wash., Oct. 11 – Bank of Montreal plans to price notes due Oct. 29, 2021 linked to the Raymond James CEFR Domestic Equity Price Return index, according to an FWP filing with the Securities and Exchange Commission.
The index consists of closed-end funds that are included in either the Morningstar U.S. Sector Equity category or the Morningstar U.S. Equity category. The reference funds that make up the index are selected by the closed-end fund research department at Raymond James & Associates, Inc.
The notes will pay a quarterly coupon based on the dividends paid on the reference funds during the preceding quarter.
The payout at maturity will be par plus 95% of the index return. The index must gain by at least 5.26% in order for the payout to be greater than par.
BMO Capital Markets Corp. is the agent.
The notes will price on Oct. 19.
The Cusip number is 06367WCW1.
© 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.