Bank of Montreal plans digital return notes on iShares FTSE China 25

By Angela McDaniels

Tacoma, Wash., April 30 - Bank of Montreal plans to price 0% buffered bullish digital return notes due May 31, 2016 linked to the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 24.25%. Investors will receive par if the ETF's share price remains flat or declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

BMO Capital Markets Corp. is the agent.

The notes are expected to price May 23 and settle May 31.

The Cusip number is 06366RNT8.

© 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.