Published on 3/31/2016 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $101,000 upside booster notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 31 – Bank of Montreal priced $101,000 of 0% upside booster notes with barrier due March 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than the 21% booster the payout at maturity will be par plus the index return.
If the index gains by up to the booster or falls by up to 10%, the payout will be par plus the booster.
If the index finishes below the 90% barrier level, investors will be fully exposed to any losses.
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: | $101,000
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return is greater than 21%, par plus index return; if return is between negative 10% and positive 21%, inclusive, par plus 21%; if return is less than negative 10%, one-to-one exposure to index’s decline from initial level
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Initial level: | 3,004.87
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Barrier level: | 2,704.38, 90% of initial level
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Pricing date: | March 29
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Settlement date: | March 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.2%
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Cusip: | 06367TBL3
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