Published on 7/6/2017 in the Prospect News Structured Products Daily.
New Issue: BMO prices $1.83 million buffered bullish enhanced notes tied to Stoxx
By Susanna Moon
Chicago, July 6 – Bank of Montreal priced $1.83 million of 0% buffered bullish enhanced return notes due Sept. 19, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, up to a maximum redemption amount of $1,200 per $1,000 principal amount.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,831,000
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Maturity: | Sept. 19, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 250% of any index gain, capped at 20%; par if index falls by up to 5%; 1% loss for each 1% decline beyond 10%
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Initial level: | 3,547.15
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Pricing date: | June 14
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Settlement date: | June 19
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.5%
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Cusip: | 06367TXQ8
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