Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: BMO sells $680,000 buffer enhanced return notes linked to EAFE ETF
Chicago, Dec. 11 – Bank of Montreal priced $680,000 of 0% buffer enhanced return notes due Nov. 10, 2025 linked to the performance of the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any ETF gain.
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
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Issue: | Buffer enhanced return notes
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Underlying fund: | iShares MSCI EAFE ETF
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Amount: | $680,000
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Maturity: | Nov. 10, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any gain of the ETF; par if the ETF falls by up to 10%; otherwise, 1% loss for each 1% of ETF decline below 10%
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Initial level: | $72.81
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Buffer level: | $65.53; 90% of initial level
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Pricing date: | May 4, 2023
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Settlement date: | May 9, 2023
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Selling agent: | BMO Capital Markets Corp.
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Fees: | 0.1%
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Cusip: | 06374VTF3
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