By Marisa Wong
Morgantown, W.Va., Jan. 4 – Bank of Montreal priced $121,000 of 0% buffered bullish enhanced return notes due March 31, 2017 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 two times any fund gain, subject to a maximum return of 17.3%.
Investors will receive par if the fund falls 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
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Issue: | Buffered bullish enhanced return notes
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Underlying index: | iShares MSCI EAFE exchange-traded fund
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Amount: | $121,000
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Maturity: | March 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 17.3%; par if index falls by up to 5%; exposure to losses beyond 5%
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Initial price: | $59.53
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Pricing date: | Dec. 23
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Settlement date: | Dec. 31
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Agent: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06366R5U5
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