Published on 5/4/2015 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal prices $860,000 bullish enhanced return notes linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., May 4 – Bank of Montreal priced $860,000 of 0% bullish enhanced return notes due Aug. 5, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, subject to a maximum return of 18.75%.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Bullish enhanced return notes
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Underlying index: | Russell 2000
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Amount: | $860,000
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Maturity: | Aug. 5, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 18.75%; exposure to any losses
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Initial level: | 1,220.125
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Pricing date: | April 30
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Settlement date: | May 5
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.5%
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Cusip: | 06366RJ71
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