Published on 4/27/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $458,000 bullish enhanced return notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, April 27 – Bank of Montreal priced $458,000 of 0% bullish enhanced return notes due July 31, 2019 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 3 times any index gain, up to a maximum redemption amount of $1,330 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Bullish enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $458,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any index gain, capped at 33%; full exposure to losses
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Initial level: | 3,485.83
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | BMO Capital Markets Corp.
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Fees: | 2%
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Cusip: | 06367T4N7
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