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BMO Harris to price CDs with 3.5% minimum return linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Jan. 7 - BMO Harris Bank NA plans to price 0% certificates of deposit with minimum return due Jan. 29, 2021 linked to the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus the greater of (a) 50% to 60% of the index return and (b) 3.5%. The exact participation rate will be set at pricing.
BMO Capital Markets Corp. is the agent with Advisors Asset Management, Inc. as distributor.
The CDs will price Jan. 28 and settle Jan. 31.
The Cusip number is 05573JVJ0.
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