New Issue: BMO prices $1.26 million market-linked notes with contingent absolute return on Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Bank of Montreal priced $1.26 million of 0% market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside due Nov. 3, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain of the index up to 18.8%. If the index falls but finishes at or above 80% of its initial level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be exposed to the decline of the index beyond 20%.

Wells Fargo Securities, LLC is the agent for distribution.

Issuer:	Bank of Montreal
Issue:	Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
Underlying index:	Nasdaq-100 index
Amount:	$1.26 million
Maturity:	Nov. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain up to 18.8%; if index falls but finishes at or above 80% of its initial level, par plus the absolute value of the index return; otherwise, exposure to losses beyond 20%
Initial level:	14,180.42
Trigger level:	11,344.336; 80% of initial level
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Agent:	Wells Fargo Securities, LLC
Fees:	2.58%
Cusip:	06375MFT7

© 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.