By Wendy Van Sickle
Columbus, Ohio, June 13 – Bank of Montreal priced $2.56 million of 0% buffer enhanced return notes due June 2, 2025 linked to the performance of the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 100% of any ETF gain up to 68%.
Investors will receive par if the ETF falls by up to 20% and will lose 1% for each 1% that the level of the ETF decreases by more than 20%.
BMO Capital Markets Corp. is the selling agent.
Issuer: | Bank of Montreal
|
Issue: | Buffer enhanced return notes
|
Underlying fund: | SPDR S&P Regional Banking ETF
|
Amount: | $2,557,000
|
Maturity: | June 2, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 100% of any gain of the ETF up to 68%; par if the ETF falls by up to 20%; otherwise, 1% loss for each 1% of ETF decline below 20%
|
Initial level: | $40.13
|
Buffer level: | $32.10; 80% of initial level
|
Strike date: | May 24
|
Pricing date: | May 26
|
Settlement date: | June 1
|
Selling agent: | BMO Capital Markets Corp.
|
Fees: | 0.25%
|
Cusip: | 06374VW44
|
|
© 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.