Published on 9/1/2016 in the Prospect News Structured Products Daily.
New Issue: BMO sells $30,000 buffered bullish enhanced return notes on Euro Stoxx
By Tali Rackner
Norfolk, Va., Sept. 1 – Bank of Montreal priced $30,000 of 0% buffered bullish enhanced return notes due Feb. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of $1,145 for each $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
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 index: | Euro Stoxx 50
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Amount: | $30,000
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Maturity: | Feb. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain, with return capped at 7.25%; par if index falls by up to 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
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Initial level: | 3,010.36
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Buffer level: | 2,709.32, 90% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.5%
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Cusip: | 06367TJC5
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