New Issue: Bank of Montreal prices $14,000 bullish enhanced return notes linked to S&P 500

By Tali Rackner

Norfolk, Va., June 1 – Bank of Montreal priced $14,000 of 0% bullish enhanced return notes due May 31, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum redemption amount of $1,240 per $1,000 principal amount of notes.

If the index declines, investors will be fully exposed to the loss.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$14,000
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any index gain, capped at 16%; full exposure to any index decline
Initial index level:	2,090.1
Pricing date:	May 26
Settlement date:	May 31
Agent:	BMO Capital Markets Corp.
Fees:	2.3%
Cusip:	06367TEB2

© 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.