Published on 4/10/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $989,000 bullish digital return barrier notes tied to Stoxx 50
By Susanna Moon
Chicago, April 6 – Bank of Montreal priced $989,000 of 0% bullish digital return notes with barrier due May 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the digital return of 17.5%.
If the index finishes at or above its 90% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Bullish digital return notes with barrier
|
Underlying indexes: | Euro Stoxx 50
|
Amount: | $989,000
|
Maturity: | May 3, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 17.5%; if index falls by up to 10%, par; otherwise, 1% for each 1% decline
|
Initial level: | 3,331.25
|
Barrier level: | 2,998.13, 90% of initial level
|
Pricing date: | March 28
|
Settlement date: | April 3
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 0.43%
|
Cusip: | 06367T4D9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.