New Issue: Bank of Montreal prices $15,000 contingent risk absolute return notes on Euro Stoxx 50

By Jennifer Chiou

New York, March 30 – Bank of Montreal priced $15,000 of 0% contingent risk absolute return notes due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, investors will receive par plus 105% of the gain.

If the index return is negative but the index finishes at or above the barrier level, 65% of the initial level, the payout at maturity will be par plus the absolute value of the index return. The maximum downside redemption amount is $1,350 per $1,000 principal amount.

If the index return is less than negative 35%, investors will be fully exposed to the index decline.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$15,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above the initial level, par plus 105% of the return; if index finishes flat or falls but has not closed below the barrier level, par plus the absolute value of the index return, capped at 35%; if index return is less than negative 35%, investors will share fully in losses
Initial level:	3,669.79
Barrier level:	2,385.36, 65% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agent:	BMO Capital Markets Corp.
Fees:	3.85%
Cusip:	06366RD51

© 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.