Published on 2/16/2022 in the Prospect News Structured Products Daily.
New Issue: BMO sells $2.59 million enhanced return notes on stock basket
By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – Bank of Montreal priced $2.59 million of 0% enhanced return notes due March 16, 2023 linked to an equally weighted basket of five stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains the stocks of Amgen Inc., Chevron Corp., 3M Co., Merck & Co., Inc. and Verizon Communications Inc.
The payout at maturity will be par plus 140% of any basket gain.
Investors will be fully exposed to any basket decline.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Enhanced return notes
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Underlying stocks: | Amgen Inc., Chevron Corp., 3M Co., Merck & Co., Inc. and Verizon Communications Inc., equal weights
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Amount: | $2,586,000
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Maturity: | March 16, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any basket gain; full exposure to losses
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Initial levels: | $228.20 for Amgen, $138.81 for Chevron, $159.54 for 3M, $76.64 for Merck, $53.32 for Verizon
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Pricing date: | Feb. 11
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Settlement date: | Feb. 16
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.43%
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Cusip: | 06368GJR9
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