New Issue: BMO sells $2.16 million barrier enhanced return notes linked to Russell, S&P, Dow

By William Gullotti

Buffalo, N.Y., Sept. 29 – Bank of Montreal priced $2.16 million of 0% barrier enhanced return notes due Sept. 28, 2026 linked to the lesser performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 165.25% of any gain of the least performing index.

Investors will receive par if the laggard index falls by up to 30% and will be fully exposed to the decline of the worst performer if it falls beyond the 70% barrier level.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying indexes:	S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:	$2,162,000
Maturity:	Sept. 28, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 165.25% of any gain of least performing index; par if laggard index falls by up to 30%; otherwise, full exposure to decline of worst performer from its initial level
Initial index levels:	4,448.98 for S&P, 2,259.041 for Russell, 34,764.82 for Dow
Barrier levels:	3,114.29 for S&P, 1,581.329 for Russell, 24,335.37 for Dow; 70% of initial levels
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Underwriter:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06368EWU2

© 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.