New Issue: BMO prices $1.93 million contingent risk absolute return notes on iShares MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Aug. 30 – Bank of Montreal priced $1.93 million of 0% contingent risk absolute return notes due Aug. 31, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus the fund gain.

If the fund falls but finishes above the 69% barrier level, the payout will be par plus the absolute value of the return, up to a maximum downside return of $1,310 per $1,000 of notes.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Contingent risk absolute return notes
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$1,933,000
Maturity:	Aug. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus return, if fund falls but not by more than 31%, par plus absolute value of return, up to a maximum downside redemption amount of $1,310 per $1,000 principal amount; if fund falls by more than 31%, full exposure to any losses
Initial level:	$58.38
Barrier level:	69% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	None
Cusip:	06367TJQ4

© 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.