Published on 12/28/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $100,000 buffered bullish notes on iShares Russell 2000
By Marisa Wong
Madison, Wis., Dec. 27 - Bank of Montreal priced $100,000 of 0% buffered bullish enhanced return notes due Dec. 30, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 26.5%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any decline beyond 15%.
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 Russell 2000 index fund
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Amount: | $100,000
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Maturity: | Dec. 30, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, up to a maximum return of 26.5%; par if fund drops by up to 10%; exposure to losses beyond 10%
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Initial price: | $74.33
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Buffer level: | $66.90, 90% of initial price
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Pricing date: | Dec. 22
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Settlement date: | Dec. 30
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Agent: | BMO Capital Markets Corp.
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Fees: | 2.25%
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Cusip: | 06366QM38
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