Published on 2/27/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $151,000 bullish enhanced return notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Feb. 27 – Bank of Montreal priced $151,000 of 0% bullish enhanced return notes due Feb. 28, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 53.25%. If the index return is negative, investors will be fully exposed to the decline.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
|
Issue: | Bullish enhanced return notes
|
Underlying index: | Russell 2000
|
Amount: | $151,000
|
Maturity: | Feb. 28, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain, subject to 53.25% maximum return; full exposure to any index decline
|
Initial index level: | 1,235.101
|
Pricing date: | Feb. 25
|
Settlement date: | Feb. 27
|
Agent: | BMO Capital Markets Corp.
|
Fees: | 1.2%
|
Cusip: | 06366RA88
|
© 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.