Bank of Montreal plans barrier bullish enhanced notes tied to S&P 500

By Marisa Wong

Madison, Wis., Sept. 26 - Bank of Montreal plans to price 0% barrier bullish enhanced return notes due Oct. 31, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 115% of any index gain.

If the index return is zero or negative and the fund never closes below the 60% barrier level during the life of the notes, the payout will be par. Otherwise, investors will be fully exposed to the index decline.

The notes (Cusip: 06366RRG2) will price Oct. 28 and settle Oct. 31.

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.