Published on 8/1/2017 in the Prospect News Structured Products Daily.
New Issue: BMO sells $93,000 one-year bullish enhanced notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 1 – Bank of Montreal priced $93,000 of 0% bullish enhanced return notes due Aug. 31, 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 triple any index gain, up to a maximum redemption amount of $1,180 per $1,000 principal amount.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Bullish enhanced return notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $93,000
|
| Maturity: | Aug. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 18%; exposure to any losses
|
| Initial level: | 3,491.19
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 1.43%
|
| Cusip: | 06367TZG8
|
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