By Devika Patel
Knoxville, Tenn., March 13 – Bank of Montreal priced $1,192,000 of 0% buffered bullish enhanced return notes due Sept. 16, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of $1,180 per $1,000 of notes.
Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Buffered bullish enhanced return notes
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| Underlying index: | iShares MSCI Emerging Markets exchange-traded fund
|
| Amount: | $1,192,000
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| Maturity: | Sept. 16, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 18%; par if index falls by up to 15%; exposure to losses beyond 15%
|
| Initial price: | $49.87
|
| Pricing date: | March 12
|
| Settlement date: | March 15
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 06367T2X7
|
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