New Issue: BMO sells $1.78 million buffered bullish enhanced return notes on Russell

By Wendy Van Sickle

Columbus, Ohio, May 22 – Bank of Montreal priced $1.78 million of 0% buffered bullish enhanced return notes due Nov. 22, 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any index gain, capped at par plus 22.5%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish return notes
Underlying index:	Russell 2000 index
Amount:	$1,779,000
Maturity:	Nov. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 22.5%; par if index falls up to 5%; 1% loss for every 1% decline beyond 5%
Initial price:	1,307.719
Buffer price:	1,242.333, 95% of initial price
Pricing date:	May 19
Settlement date:	May 22
Underwriter:	BMO Capital Markets Corp.
Fees:	0.6%
Cusip:	06367WJ61

© 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.