Published on 7/25/2012 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $1.66 million buffered bullish return notes on iShares MSCI EAFE
By Toni Weeks
San Diego, July 25 - Bank of Montreal priced $1.66 million of 0% buffered bullish return notes due Aug. 26, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the fund, up to a maximum return of 20%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any decline beyond 10%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish return notes
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Underlying fund: | iShares MSCI EAFE index fund
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Amount: | $1,658,000
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Maturity: | Aug. 26, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any fund gain, capped at 20%; par if fund drops by up to 10%; exposure to losses beyond 10%
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Initial price: | $48.14
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Buffer level: | $43.33, 90% of initial price
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Pricing date: | July 23
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Settlement date: | July 26
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.25%
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Cusip: | 06366RGH2
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