By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – Bank of Montreal priced $1 million of 0% buffer enhanced return notes due Feb. 6, 2026 linked to the performance of the VanEck Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any ETF gain, up to par plus 42.5%.
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 Semiconductor ETF
|
| Amount: | $1 million
|
| Maturity: | Feb. 6, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain of the ETF, up to par plus 42.5%; par if the ETF falls by up to 10%; otherwise, 1% loss for each 1% of ETF decline below 10%
|
| Initial level: | $187.57
|
| Buffer level: | $168.81; 90% of initial level
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 6
|
| Selling agent: | BMO Capital Markets Corp.
|
| Fees: | 0.9%
|
| Cusip: | 06375MVS1
|
|
|
© 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.
