Bank of Montreal plans contingent risk absolute return notes on Stoxx

By Tali Rackner

Norfolk, Va., Sept. 3 – Bank of Montreal plans to price 0% contingent risk absolute return notes due Sept. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 110% of the return.

If the index falls but a barrier event has not occurred, the payout will be par plus the absolute value of the return, up to the maximum downside redemption amount of $1,300 per $1,000 principal amount. A barrier event will occur if the index closes below the 70% barrier level on any day during the life of the notes.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 06366R2G9.

© 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.