New Issue: BMO prices $507,000 barrier enhanced return notes on iShares 20+ Year Treasury Bond ETF

By Kiku Steinfeld

Chicago, April 13 – Bank of Montreal priced $507,000 of 0% barrier enhanced return notes due Dec. 16, 2024 linked to the performance of the iShares 20+ Year Treasury Bond ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 149% of any gain of the fund, subject to a maximum return of par plus 60%.

Investors will receive par if the fund falls by up to 10% and will be fully exposed to the decline of the fund if it falls below the 90% barrier level.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Barrier enhanced return notes
Underlying fund:	iShares 20+ Year Treasury Bond ETF
Amount:	$507,000
Maturity:	Dec. 16, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 149% of any gain of fund, capped at par plus 60%; par if fund falls by up to 10%; otherwise, full exposure to decline of fund from its initial level
Initial level:	$106.67
Barrier level:	$96; 90% of initial level
Pricing date:	Dec. 12
Settlement date:	Dec. 15
Agent:	BMO Capital Markets Corp.
Fees:	0.8%
Cusip:	06374VG67

© 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.