Published on 7/10/2017 in the Prospect News Structured Products Daily.
New Issue: BMO sells $120,000 of buffered bullish enhanced notes on Russell 2000
By Devika Patel
Knoxville, Tenn., July 10 – Bank of Montreal priced $120,000 of 0% buffered bullish enhanced return notes due June 28, 2019 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 1.5 times any index gain, up to a maximum payout of $1,150 per $1,000 of notes.
Investors will receive par if the index falls by up to 18.5% and will lose 1% for each 1% decline beyond 18.5%.
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: | $120,000
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Maturity: | June 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at $1,150; par if index falls by up to 18.5%; 1% loss for each 1% decline beyond 18.5%
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Initial level: | 1,403.522
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Buffer level: | 1,143.870, or 81.5% of initial level
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | BMO Capital Markets Corp.
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Fees: | None
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Cusip: | 06367TYG9
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