Published on 9/29/2016 in the Prospect News Structured Products Daily.
New Issue: BMO prices $86,000 upside booster notes with barrier tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Sept. 29 – Bank of Montreal priced $86,000 of 0% upside booster notes with a barrier due Sept. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than the 27% booster percentage, the payout at maturity will be par plus the index return.
If the index finishes between the 90% barrier and the booster amount, the payout will be par plus 27%.
Otherwise, investors will lose 1% for every 1% that the final index level is below the initial index level.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Upside booster notes with barrier
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Underlying index: | Euro Stoxx 50
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Amount: | $86,000
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Maturity: | Sept. 30, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index gains by more than the 27% booster percentage, par plus the index return; if the index return is between negative 10% and the booster amount, par plus 27%; otherwise, investors will lose 1% for every 1% that the final index level is below the initial index level
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Initial level: | 2,970.84
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Barrier level: | 2,673.76, 90% of initial level
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | BMO Capital Markets Corp.
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Fees: | 1.2%
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Cusip: | 06367TKM1
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