Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 Low Volatility exchange-traded fund > News item |
BMO plans buffered bullish digital return notes on low volatility fund
By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due Nov. 30, 2017 linked to the S&P 500 Low Volatility exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par plus the digital return of 7.5%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes (Cusip: 06367TLS7) are expected to price on Oct. 26 and settle on Oct. 31.
© 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.