| 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 plans enhanced return notes linked to SPDR Euro Stoxx
By Angela McDaniels
Tacoma, Wash., July 2 – Bank of Montreal plans to price 0% bullish enhanced return notes due July 31, 2019 linked to the SPDR Euro Stoxx 50 exchange-traded 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 300% of the ETF return, subject to a maximum return of 51%. Investors will receive par if the ETF declines by 15% or less and will lose 1% for every 1% that the ETF declines beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes are expected to price July 28 and settle July 31.
The Cusip number is 06366RUY9.
© 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.