New York, April 29 – Bank of Montreal priced $805,000 of buffered bullish enhanced return notes due July 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 double any fund gain, up to a maximum return of 22%.
Investors will receive par if the fund falls by up to 5% and will be exposed to losses beyond 5%.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Buffered bullish enhanced return notes
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| Underlying fund: iShares MSCI Emerging Markets exchange-traded fund
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| Amount: | $805,000
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| Maturity: | July 31, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, up to a maximum return of 22%; par if index falls by up to 5%; exposure to losses beyond 5%
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| Initial price: | $34.69
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| Pricing date: | April 26
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| Settlement date: | April 29
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| Agent: | BMO Capital Markets Corp.
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| Fees: | None
|
| Cusip: | 06367TDR8
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