Published on 5/30/2014 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $100,000 more notes linked to iShares China Large-Cap ETF
By Angela McDaniels
Tacoma, Wash., May 30 - Bank of Montreal priced an additional $100,000 principal amount of 0% buffered bullish enhanced return notes due May 31, 2018 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The original $100,000 of notes priced May 23. The total issue size is now $200,000.
The payout at maturity will be par plus 200% of any ETF gain, up to a maximum return of 48%. Investors will receive par if the shares fall by up to 15% and will lose 1% for each 1% that the shares decline beyond 15%.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Buffered bullish enhanced return notes
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Underlying ETF: | iShares China Large-Cap ETF
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Amount: | $200,000, increased from $100,000
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Maturity: | May 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any ETF gain, up to 48% maximum return; par if shares fall by up to 15%; 1% loss for each 1% that shares decline beyond 15%
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Initial share price: | $36.34
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Buffer level: | $30.89, 85% of initial share price
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Pricing date: | May 23
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Settlement date: | May 30
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Agent: | BMO Capital Markets Corp.
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Fees: | 3% for initial $100,000 and 2% for additional $100,000
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Cusip: | 06366RUD5
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