Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal sells $10,000 upside booster notes tied to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., July 30 – Bank of Montreal priced $10,000 of 0% upside booster notes with barrier due July 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 13%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 13%, inclusive, the payout will be par plus 13%.
If the index return is less than negative 10%, investors will have one-to-one exposure to the index's decline from its initial level.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Upside booster notes with barrier
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Underlying index: | Euro Stoxx 50
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Amount: | $10,000
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Maturity: | July 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than 13%, par plus index return; if index return is between negative 10% and positive 13%, inclusive, par plus 13%; if index return is less than negative 10%, one-to-one exposure to index's decline from initial level
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Initial level: | 3,554.11
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Barrier level: | 3,198.7, 90% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 3.2%
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Cusip: | 06366RS89
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