By Susanna Moon
Chicago, July 1 – Bank of Montreal priced $948,000 of 0% buffered bullish enhanced return notes due June 29, 2018 linked the 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 1.5 times any fund gain, up to a maximum redemption amount of $1,140 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
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 fund: | iShares MSCI EAFE ETF
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Amount: | $948,000
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Maturity: | June 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any fund gain, capped at 14%; par if fund declines by up to 20%; exposure to any losses beyond 20%
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Initial level: | $52.64
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06367TGG9
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