By Cady Vishniac
Detroit, Jan. 7 – Bank of Montreal priced $2.24 million of 0% buffered bullish enhanced return notes due Dec. 31, 2025 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 137% of any fund gain.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Buffered bullish enhanced return notes
|
Underlying fund: iShares MSCI EAFE ETF
|
Amount: | $2.24 million
|
Maturity: | Dec. 31, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 137% of any fund gain; par if fund falls up to 10%; 1% loss for every 1% decline beyond 10%
|
Initial price: | $72.95
|
Buffer price: | $65.66, 90% of initial price
|
Pricing date: | Dec. 28
|
Settlement date: | Dec. 31
|
Underwriter: | BMO Capital Markets Corp.
|
Fees: | None
|
Cusip: | 06368EB84
|
|
© 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.