By Marisa Wong
Madison, Wis., Feb. 8 - Bank of Montreal priced $239,000 of 0% buffered notes due Feb. 8, 2016 linked to the first nearby futures contract for Brent crude oil traded on ICE Futures Europe, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the price of the futures contract, subject to a cap of 100%.
Investors will receive par if the futures contract price falls by up to 20% and will be exposed to losses beyond the buffer.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Buffered notes
|
| Underlying asset: | ICE Brent crude oil (Symbol: CO1)
|
| Amount: | $239,000
|
| Maturity: | Feb. 8, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in crude oil price, capped at 100%; par if oil price falls by up to 20%; exposure to losses beyond 20%
|
| Initial price: | $99.83
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 8
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 4%
|
| Cusip: | 06366QCX3
|
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