Published on 9/11/2017 in the Prospect News Structured Products Daily.
New Issue: BMO sells $382,000 bullish enhanced notes on iShares Biotechnology ETF
By Marisa Wong
Morgantown, W.Va., Sept. 11 – Bank of Montreal priced $382,000 of 0% bullish enhanced return notes due Oct. 5, 2018 linked to the iShares Nasdaq Biotechnology exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any fund gain, up to a maximum redemption amount of $1,127.50 per $1,000 principal amount.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Bullish enhanced return notes
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Underlying fund: | iShares Nasdaq Biotechnology ETF
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Amount: | $382,000
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Maturity: | Oct. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any fund gain, capped at 12.75%; exposure to any losses
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Initial level: | $324.32
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.93%
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Cusip: | 06367TC57
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