New Issue: Bank of Montreal prices $10,000 buffered bullish enhanced return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., July 6 – Bank of Montreal priced $10,000 of 0% buffered bullish enhanced return notes due June 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of $1,277.50 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$10,000
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any index gain, subject to maximum return of $1,277.50 per $1,000 principal amount; par if index falls by up to 20%; otherwise, full exposure losses
Initial index level:	2,000.54
Buffer level:	1,600.43, 80% of initial level
Pricing date:	June 27
Settlement date:	June 30
Agent:	BMO Capital Markets Corp.
Fees:	4.6%
Cusip:	06367TFV7

© 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.