New Issue: BMO sells $1.06 million buffer enhanced return notes linked to VanEck Gold Miners ETF

By William Gullotti

Buffalo, N.Y., Jan. 23 – Bank of Montreal priced $1.06 million of 0% buffer enhanced return notes due Jan. 30, 2024 linked to the performance of the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any ETF gain, subject to a maximum return of par plus 29.3%.

Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% that the level of the ETF decreases by more than 10%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying fund:	VanEck Vectors Gold Miners ETF
Amount:	$1,055,000
Maturity:	Jan. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain of the ETF, capped at par plus 29.3%; par if the ETF falls by up to 10%; otherwise, 1% loss for each 1% of ETF decline below 10%
Initial level:	$31.21
Buffer level:	$28.09; 90% of initial level
Pricing date:	Jan. 18
Settlement date:	Jan. 23
Selling agent:	BMO Capital Markets Corp.
Fees:	1%
Cusip:	06374VJW7

© 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.