New Issue: Bank of Montreal prices $161,000 buffer enhanced return notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., June 23 – Bank of Montreal priced $161,000 of 0% buffer enhanced return notes due Oct. 31, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 16%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffer enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$161,000
Maturity:	Oct. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 1.5 times index return, subject to maximum return of 16%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,805.246
Buffer level:	1,624.721, or 90% of initial level
Pricing date:	July 26, 2022
Settlement date:	July 29, 2022
Agent:	BMO Capital Markets Corp.
Fees:	2%
Cusip:	06368GWV5

© 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.