| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank of Montreal > News item |
BMO plans contingent risk absolute return notes tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – Bank of Montreal plans to price 0% contingent risk absolute return notes due Feb. 28, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 1.1 times the index gain, subject to a maximum return of 30%.
If the index falls but does not finish below its barrier level, 70% of its initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on Feb. 24 and settle on Feb. 28.
The Cusip number is 06367TAA8.
© 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.