Published on 4/10/2017 in the Prospect News Structured Products Daily.
New Issue: BMO prices $550,000 buffered bullish enhanced return notes on EAFE ETF
By Wendy Van Sickle
Columbus, Ohio, April 10 – Bank of Montreal priced $550,000 of 0% buffered bullish enhanced return notes due April 10, 2018 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, up to a maximum return of 9.9%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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 ETF: | iShares MSCI EAFE ETF
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Amount: | $550,000
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Maturity: | April 10, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 200% of any fund gain, with return capped at 9.9%; par if fund falls by up to 10%; otherwise, exposure to losses beyond 10%
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Initial price: | $62.20
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Buffer level: | 90% of initial price
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Pricing date: | April 3
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Settlement date: | April 6
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Agent: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06367TUF5
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