Published on 4/4/2017 in the Prospect News Structured Products Daily.
New Issue: BMO sells $556,000 buffered bullish enhanced notes tied to Russell
By Tali Rackner
Minneapolis, April 4 – Bank of Montreal priced $556,000 of 0% buffered bullish enhanced return notes due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, up to a maximum redemption amount of $1,127.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.
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: | Russell 2000
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Amount: | $556,000
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Maturity: | April 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.5 times any index gain, capped at 12.75%; par if index falls by up to 5%; 1% loss for each 1% decline beyond 5%
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Initial level: | 1,367.261
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.43%
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Cusip: | 06367TTP5
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