New Issue: BMO sells $1.16 million buffer enhanced return notes linked to weighted basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – Bank of Montreal priced $1.16 million of 0% buffer enhanced return notes due Dec. 18, 2025 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 35% weight, the Russell 2000 index with a 20% weight, the iShares MSCI Emerging Markets ETF with a 15% weight, the Nasdaq-100 index with a 15% weight and the Euro Stoxx 50 index with a 15% weight.

The payout at maturity will be par plus 200% of any gain of the basket, subject to a maximum return of par plus 26.7%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline of the basket beyond the 10% buffer.

BMO Capital Markets Corp. is the underwriter.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying assets:	S&P 500 index (35% weight), Russell 2000 index (20% weight), iShares MSCI Emerging Markets ETF (15% weight), Nasdaq-100 index (15% weight), Euro Stoxx 50 index (15% weight)
Amount:	$1.16 million
Maturity:	Dec. 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at par plus 26.7%; par if basket falls by up to 10%; otherwise, 1% loss per 1% decline of basket beyond 10%
Initial levels:	4,707.09 for S&P, 1,947.505 for Russell, $39.64 for iShares ETF, 16,562.37 for Nasdaq, 4,530.19 for Stoxx
Buffer level:	90% of initial level
Pricing date:	Dec. 13
Settlement date:	Dec. 18
Underwriter:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06375MMU6

© 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.