Published on 6/17/2011 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $819,000 buffered bullish enhanced notes on iShares MSCI EAFE
By Jennifer Chiou
New York, June 17 - Bank of Montreal priced $819,000 of 0% buffered bullish enhanced return notes due June 20, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 19%.
Investors will receive par if the shares fall by 15% or less and will be exposed to any decline beyond 15%.
BMO Capital Markets Corp. is the underwriter.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish enhanced return notes
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Underlying fund: iShares MSCI EAFE index fund
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Amount: | $819,000
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Maturity: | June 20, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 19%; exposure to losses beyond 15%
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Initial level: | $58.27
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Buffer level: | $49.53, 85% of initial level
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Pricing date: | June 15
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Settlement date: | June 20
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Underwriter: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06366QNN3
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