Published on 2/27/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $1.33 million bullish enhanced return notes linked to stocks
By Angela McDaniels
Tacoma, Wash., Feb. 27 – Bank of Montreal priced $1.33 million of 0% bullish enhanced return notes due Feb. 28, 2018 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Chicago Bridge & Iron Co. NV, Cummins Inc., Calpine Corp., Covanta Holding Corp., DCP Midstream Partners, LP, Enterprise Products Partners LP, First Solar, Inc., Magellan Midstream Partners, LP, Navistar International Corp., NextEra Energy, Inc., SolarCity Corp., SunPower Corp., Trinity Industries, Inc., Tesla Motors, Inc. and Union Pacific Corp.
If the basket return is positive, the payout at maturity will be par plus 132.5% of the basket return. If the basket 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 stocks: | Chicago Bridge & Iron Co. NV, Cummins Inc., Calpine Corp., Covanta Holding Corp., DCP Midstream Partners, LP, Enterprise Products Partners LP, First Solar, Inc., Magellan Midstream Partners, LP, Navistar International Corp., NextEra Energy, Inc., SolarCity Corp., SunPower Corp., Trinity Industries, Inc., Tesla Motors, Inc. and Union Pacific Corp., equally weighted
|
Amount: | $1,325,000
|
Maturity: | Feb. 28, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 132.5% of any basket gain; full exposure to any basket decline
|
Pricing date: | Feb. 25
|
Settlement date: | Feb. 27
|
Agent: | BMO Capital Markets Corp.
|
Fees: | None
|
Cusip: | 06366RB20
|
© 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.