By Marisa Wong
Morgantown, W.Va., Jan. 4 – Bank of Montreal priced $85,000 of 0% buffered bullish enhanced return notes due March 31, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any fund gain, subject to a maximum return of 24%.
Investors will receive par if the fund falls by up to 5% and will lose 1% for each 1% decline beyond 5%.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Buffered bullish enhanced return notes
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| Underlying index: | iShares MSCI Emerging Markets exchange-traded fund
|
| Amount: | $85,000
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| Maturity: | March 31, 2017
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 24%; par if index falls by up to 5%; exposure to losses beyond 5%
|
| Initial price: | $33.12
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 31
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 06366R5V3
|
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