Published on 8/11/2017 in the Prospect News Structured Products Daily.
New Issue: BMO sells $1.27 million buffered bullish enhanced notes tied to S&P 500
By Susanna Moon
Chicago, Aug. 11 – Bank of Montreal priced $1.27 million of 0% buffered bullish enhanced notes with barrier due Nov. 9, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, up to a maximum redemption amount of $1,101.30 per $1,000 principal amount.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Buffered bullish enhanced return notes
|
Underlying index: | S&P 500
|
Amount: | $1,271,000
|
Maturity: | Nov. 9, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 250% of any index gain, capped at 10.13%; par if index falls by up to 5%; 1% loss for each 1% decline beyond 5%
|
Initial level: | 2,476.83
|
Pricing date: | Aug. 4
|
Settlement date: | Aug. 9
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 0.5%
|
Cusip: | 06367TZT0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.