Published on 6/12/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $632,000 buffered bullish return notes with cap tied to Stoxx
By Susanna Moon
Chicago, June 12 – Bank of Montreal priced $632,000 of 0% buffered bullish return notes due July 5, 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 any index gain, up to a maximum redemption amount of $1,250 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $632,000
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Maturity: | July 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 25%; par if the index falls by up to 10%; exposure to any losses beyond 10%
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Initial level: | 3,406.65
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.93%
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Cusip: | 06367T6B1
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