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 contingent risk absolute return notes linked to iShares MSCI EAFE
By Marisa Wong
Madison, Wis., June 12 – Bank of Montreal plans to price 0% contingent risk absolute return notes due June 30, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par plus the fund gain.
If the fund falls but finishes at or above the barrier level, 72.5% to 76.5% of the initial level, the payout will be par plus the absolute value of the return, up to a maximum return of 23.5% to 27.5%.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on June 25 and settle on June 30.
The Cusip number is 06366RQ81.
© 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.