Published on 6/20/2014 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $1.38 million bullish enhanced return notes on S&P 500
By Marisa Wong
Madison, Wis., June 20 – Bank of Montreal priced $1.38 million of 0% bullish enhanced return notes due June 25, 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 155% of any gain in the index.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Bullish enhanced return notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,375,000
|
| Maturity: | June 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 155% of any index gain; exposure to losses
|
| Initial level: | 1,956.98
|
| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 06366RUR4
|
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