Published on 5/27/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $332,000 buffered bullish digital notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., May 27 – Bank of Montreal priced $332,000 of 0% buffered bullish digital return notes due Nov. 30, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the 25% digital return.
Investors will receive par if the index fall by up to 15% and will lose 1% for each 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish digital return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $332,000
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Maturity: | Nov. 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 25%; par if index fall by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial level: | 3,679.14
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Buffer level: | 3,127.27, 85% of initial level
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Pricing date: | May 22
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Settlement date: | May 29
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Agent: | BMO Capital Markets Corp.
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Fees: | 3%
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Cusip: | 06366RK61
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