Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bank of Montreal > News item |
Bank of Montreal to price buffered bullish notes linked to gasoline
By Angela McDaniels
Tacoma, Wash., April 4 - Bank of Montreal plans to price 0% buffered bullish notes due Oct. 25, 2012 linked to the first nearby futures contract for New York Harbor RBOB gasoline traded on the New York Mercantile Exchange, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 100% to 110% of any increase in the futures contract price. The exact upside leverage factor will be set at pricing. Investors will receive par if the price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 06366Q4Q7) will price April 20 and settle April 25.
BMO Capital Markets Corp. is the agent.
© 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.