Published on 5/27/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $470,000 buffered bullish enhanced notes on iShares MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., May 27 – Bank of Montreal priced $470,000 of 0% buffered bullish enhanced return notes due Aug. 31, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, subject to a maximum return of 17%.
Investors will receive par if the fund fall by up to 5% and will lose 1% for each 1% decline beyond 5%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Buffered bullish enhanced return notes
|
Underlying fund: | iShares MSCI EAFE ETF
|
Amount: | $470,000
|
Maturity: | Aug. 31, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any fund gain, capped at 17%; par if fund fall by up to 5%; 1% loss for each 1% decline beyond 5%
|
Initial level: | $67.98
|
Buffer level: | $64.58, 95% of initial level
|
Pricing date: | May 22
|
Settlement date: | May 28
|
Agent: | BMO Capital Markets Corp.
|
Fees: | None
|
Cusip: | 06366RN50
|
© 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.